Consumer Law

(Proper Disposal of Consumer Information)

Disclosure of Material Facts

The duty of disclosure is a component of the duty of loyalty, but it also implicates the director's obligation to act with due care and in good faith. As part of the duty of care, a director should reveal all relevant material information that he possesses about a transaction to all who are in the position of making a decision about that transaction. The director has a duty to make an informed decision because it will ultimately affect the corporate interest and welfare.

Businesses Subject to OSHA

The Occupational Safety and Health Act (OSHA) applies to most businesses. The Act covers all employers and their employees throughout the United States and its territories either through the Occupational Safety and Health Administration or through a state program approved by the Occupational Safety and Health Administration. However, there are some exemptions from OSHA.

Federal Regulation of Corporate Takeover Bids or Tender Offers

Traditionally, proxies of shareholders of corporate takeover targets were sought for votes in favor of the takeover. Rules issued by the Securities and Exchange Commission to regulate the content of proxies so that shareholders were able to make an informed decision provided some protection for shareholders.

Business Conduct Codes

Business Conduct Codes for New York Stock Exchange and Nasdaq Listed Companies