Business Organization - Page 26
This is FindLaw's collection of Business Organization articles, part of the Corporate Governance section of the Corporate Counsel Center. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.
Corporate Governance
Business Organization Articles
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Steve Poss, Co-Chair of the Corporate Governance and Securities Litigation Group at Goodwin Procter LLP, participated in the presentation on counseling the audit committees of corporate boards of directors. Mr. Poss first took the audience through the evolution of corporate governance over the last 40 years. -
Steve Poss, a Partner and Co-Chair of the Corporate Governance and Securities Litigation Group at Goodwin Procter LLP, led the conference session on Securities Litigation Exposure. Mr. Poss started the session by explaining that we are in the midst of an extraordinary period of change in the enforcement environment facing public companies and their officers and directors. -
On June 30, 2003, the Securities and Exchange Commission approved changes to listing standards for companies selling stock on the New York Stock Exchange and the Nasdaq Stock Market. -
When two hijacked aircraft crashed into the World Trade Center, the attack not only claimed approximately 2,800 lives, but also destroyed much of the commercial and residential infrastructure of downtown Manhattan. -
In 1994, when California adopted the Beverly-Killea Limited Liability Company Act, organizing limited liability companies in California became a reality. Limited liability companies ("LLCs") gained immediate acceptance since they combined the flow-through tax treatment of partnerships with the limited liability of corporations. As a result, LLCs rapidly became the entity of choice for many real estate acquisitions in California. The use of LLCs increased when California authorized the use of single-member LLCs. In some situations, however, LLCs are not the most beneficial form of entity. The choice of LLCs instead of limited partnerships may come at a price as LLCs and limited partnerships are not subject to the same fees in California. -
On August 6, 2003, the Securities and Exchange Commission (SEC) voted to propose changes to its proxy rules based on the Division of Corporation Finance's recommendations. -
Is the embargo still a barrier for U.S. business? The short answer is "Yes." However, firms interested in Iraq business should prepare now. Dorsey has learned that long-time, leading Kuwaiti businesses representing U.S. and European enterprises in the Arabian Gulf are reactivating their Iraqi partnerships -
Over the last 2 years, Dorsey's tax litigation group has been very busy reclaiming tax from the UK Inland Revenue on behalf of their clients. They have enjoyed great success and so far have recovered hundreds of millions of dollars. -
On January 22, 2003, as required by the Sarbanes-Oxley Act of 2002, the Securities and Exchange Commission adopted final rules regarding auditor independence. The new rules impose more rigorous standards of independence for the external auditors of SEC reporting companies (including foreign private issuers) than under existing SEC rules. -
The Appellate Division of the New Jersey Superior Court has ruled that a "joint check" agreemen.