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Full-Text Articles in Law
Entity Classification And Integration: Publicly Traded Partnerships, Personal Service Corporations And The Tax Legislative Process, John W. Lee
Faculty Publications
No abstract provided.
Curbing Management Conflicts Of Interest -- The Search For An Effective Deterrent, Jayne W. Barnard
Curbing Management Conflicts Of Interest -- The Search For An Effective Deterrent, Jayne W. Barnard
Faculty Publications
No abstract provided.
Corporate Loans To Directors And Officers -- Every Business Now A Bank?, Jayne W. Barnard
Corporate Loans To Directors And Officers -- Every Business Now A Bank?, Jayne W. Barnard
Faculty Publications
In most states, a corporation may loan money to an officer or director if the board of directors authorizes the loan and finds that it will "benefit" the corporation. According to Professor Jayne W. Barnard, however, this benefit requirement has proved to be an illusory standard. Barnard reviews existing law on the subject and surveys the executive lending practices of 152 publicly held corporations. She concludes that executive loan enabling statutes have failed to consider the risks involved in making such loans, such as illiquidity, inadequate collateralization, inclination to default, and volatility of the economy. As a result, current laws …
Executives Raiding The Corporate Cookie Jar, Jayne W. Barnard
Executives Raiding The Corporate Cookie Jar, Jayne W. Barnard
Faculty Publications
No abstract provided.