Tag Archives: officers

A Board of Directors in Family Businesses Serve Vital Role

A Board of Directors in Family Businesses Serve Vital RoleBoard Members Bring Greater Accountability for Owners

Increasingly more family businesses are choosing to incorporate a board of directors in their operation. Why form a board? A board of directors can serve a vital role in helping a family company navigate its future. In addition to having access to individuals with expertise in strategy and other high-level business issues, a board can provide greater accountability to the family owners and …

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Directors and Officers Liability: Board Minutes Are An Important Litigation Tool

Directors and Officers Liability Board Minutes Are An Important Litigation ToolGoing Beyond Just Internal Recordkeeping with Your Board Minutes

Your company’s directors and officers are conscientious and reasonable, but in today’s litigious landscape, even they can be faced with a state or federal lawsuit.  As we discussed in one of our blogs last month, tighter regulation and federal oversight, emerging risks, and high-profile cases have put the spotlight squarely on the shoulders of directors and officers, resulting in increased litigation. …

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