“the few cases addressing the fiduciary duties of officers do not completely clarify whether officers have a fiduciary duty to provide information to the board or what the duty requires” https://t.co/cdQGw6tl6s #corpgov
— Stefan Padfield (@ProfPadfield) November 15, 2018
“all board members and counsel should presume that all directors will have the right to access communication between any director and company counsel (both inside and outside), absent manifest adversity” https://t.co/OmEilHaAzR
— Stefan Padfield (@ProfPadfield) November 15, 2018
“Presser explains that corporations were endowed with limited liability precisely so as to encourage the growth of small business” #corpgov https://t.co/s5xYiQXRTz
— Stefan Padfield (@ProfPadfield) November 15, 2018
“In yesterday’s 3Q … earnings call …, Wal-Mart disclosed $9 million in Foreign Corrupt Practices Act and compliance related expenses ($6 million for ongoing investigations and inquiries and $3 million for global compliance program and organizational enhancements).” #corpgov https://t.co/rZYSIGYONY
— Stefan Padfield (@ProfPadfield) November 17, 2018
“in many of these models, how do they explain the Great Financial Crisis? They explain it as a meteorite coming from nowhere—it’s an exogenous shock …. I say ‘shocks’ are a measure of our ignorance” https://t.co/CL1Ti2xBg9 #corpgov
— Stefan Padfield (@ProfPadfield) November 17, 2018
“assets in Canada managed using one or more responsible investment strategies increased from $1.51 trillion at the end of 2015 to $2.13 trillion as at December 31st, 2017. This represents a 41.6% increase in RI assets under management over two years.” https://t.co/9odYkFr4Fy
— Stefan Padfield (@ProfPadfield) November 18, 2018