Governance Issues: Fiduciary Duties, Manager v. Member Management & Other Power Sharing Considerations
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Any business with more than one owner will face the issue of how it is to be governed. If it is a corporation, how many directors should it have on its Board? Should outsiders (that is, non-shareholders) be included? Should certain actions require supermajority votes? More generally, what are the majority’s fiduciary obligations to the minority? This webinars discusses how companies can minimize the likelihood of disagreement in their articles, by-laws and shareholder agreements. It also explores similarities and differences between corporations and LLCs, and delves into member management versus manager management. This should be a fascinating and feisty hour which will help you understand how businesses are run.
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