<?xml version="1.0" encoding="utf-8"?>
<rss version="2.0"><channel><title>corporations law | The Love Network</title><link>http://corporations-law.love.com</link><language>en-us</language><docs>http://corporations-law.love.com/rss.xml</docs><description>A Blog with news about corporations law</description><copyright>AOL LLC. The contents of this feed are available for non-commercial use only.</copyright><generator>Blogsmith | Relegence | AOL LLC.</generator><item><title>Iowa school board agency is the target of criminal investigation</title><link>http://t.love.com/311134942</link><description><![CDATA[The irony is not lost on Vicki Lensing, a state legislator from Iowa City. 

An organization that offers training to school board members on how to be an effective leader is now facing a leadership scandal of its own. 
Lensing is the committee co-chairwoman of the Legislature's Government Oversight Committee, which is investigating the implosion of the Iowa Association of School Boards. 


"I think it's unbelievable that the agency — the school board association — whose responsibility it is to educate schoo]]></description><pubDate>Sun, 21 Mar 2010 3:22:00</pubDate></item><item><title>Some councilors concerned with tourism board process</title><link>http://t.love.com/311127293</link><description><![CDATA[<img src="http://www.postindependent.com/Global/images/v2_main_top.jpg"><br>Glenwood Springs City Councilor Leo McKinney and Mayor Pro Tem Dave Sturges are calling for more oversight regarding the Glenwood Springs Tourism Board and the taxpayer funds it's responsible for. 


"It's not a personal issue of any person or business, but it's more of a process issue and accountability," McKinney told Council at Thursday's meeting. 
"If we are going to be giving out this kind of money, I think there ought to be more strings attached." 

]]></description><pubDate>Sun, 21 Mar 2010 2:12:00</pubDate></item><item><title>Govt drafts exit scheme for defunct firms</title><link>http://t.love.com/311124524</link><description><![CDATA[The Ministry of Corporate Affairs (MCA) is drafting a new exit scheme for defunct companies. 
The aim is to clean up the corporate system. 


Ministry sources said the proposal was aimed at private companies that had failed to maintain the minimum paid-up capital but existed in records of the registrar of companies (RoC). 

]]></description><pubDate>Sun, 21 Mar 2010 1:50:00</pubDate></item><item><title>BankMuscat AGM clears 45% dividend</title><link>http://t.love.com/311106460</link><description><![CDATA[MUSCAT | The annual general meeting (AGM) of BankMuscat, the leading financial services provider in the Sultanate, yesterday approved a 45 per cent dividend, including 20 per cent cash and 25 per cent stock, for the financial year ended December 31, 2009. 


The bank achieved a net profit of RO73.7 million in 2009. 
The operating profit stood at RO208.9 million as against RO152.6 million in 2008, an increase of 36.9 per cent. 

]]></description><pubDate>Sat, 20 Mar 2010 23:44:00</pubDate></item><item><title>Reznor resigns as president and director of TLPOA board</title><link>http://t.love.com/311104178</link><description><![CDATA[Bill Reznor resigned Saturday from the Treasure Lake Property Owners Association board of directors and as TLPOA president. 


The resignation came at a special budget meeting after a vote to adopt the 2011 budget failed. 


"I was hoping that I would not need to come to this point but it appears as though my leadership on this board of directors is of no benefit and serves no useful purpose," Reznor said. ]]></description><pubDate>Sat, 20 Mar 2010 23:23:00</pubDate></item><item><title>Kamla going after Udecott board...in court</title><link>http://t.love.com/311102014</link><description><![CDATA[﻿Opposition Leader Kamla Persad-Bissessar is to file an "oppression action" in the High Court this week under section 242 of the Companies Act seeking a ruling that the Udecott directors who served when Calder Hart was executive chairman should be forcibly removed from office. 
Persad-Bissessar confirmed the move to seek relief from the High Court yesterday in the wake of Government refusing to dismiss the board members, deputy chairman Krishna Bahadoorsingh, Michael Annisette, Anthony Cherry and Wendell Do]]></description><pubDate>Sat, 20 Mar 2010 23:00:00</pubDate></item><item><title>Tighter rules for boards of banks and insurers</title><link>http://t.love.com/311091291</link><description><![CDATA[LOCAL banks and insurers may have to appoint more independent and knowledgeable directors to their boards under more stringent regulations. 


Directors may also face an annual review of their skills and a time quota to ensure they spend enough time on the job. 


A series of proposals put forward by the Monetary Authority of Singapore (MAS) yesterday is in line with similar moves by regulators around the globe in the wake of the global financial crisis. 

]]></description><pubDate>Sat, 20 Mar 2010 21:19:00</pubDate></item><item><title>Judge: Website must delay publishing of broker reports</title><link>http://t.love.com/311089823</link><description><![CDATA[A lawyer for the company did not immediately return a call for comment. 


The financial companies in 2006 sued the New Jersey corporation for copyright infringement and misappropriation, citing Theflyonthewall.com as the most systematic and egregious of the unauthorized redistributors of their reports, the judge wrote. 


Cote said the online subscription newsfeed that boasts it provides "the most comprehensive database of analyst trading calls, events, and syndicate information on the Web" must now wait t]]></description><pubDate>Sat, 20 Mar 2010 21:00:00</pubDate></item><item><title>Hobbs offers to quit NZRU</title><link>http://t.love.com/311061648</link><description><![CDATA[New Zealand Rugby Union (NZRU) chairman Jock Hobbs offered to resign this week over the collapse of his former company Strategic Finance. 


The offer was made at the NZRU board meeting but was immediately rejected, the Sunday Star Times reported. 


Strategic Finance went into receivership on March 12 owing its 13,000 investors about $325 million. 

]]></description><pubDate>Sat, 20 Mar 2010 17:37:00</pubDate></item><item><title>Shareholders and the MOU</title><link>http://t.love.com/311053187</link><description><![CDATA[I just joined the Tyhee shareholders community yesterday and must say I'm impressed by the activity on this blog and everyone's passion for this extraordinary company. 


When doing my rookie due diligence I was able to find some info on sedar re insiders' shareholding - according to that info the current and previous insiders holds somewehere around 6% of the outstanding shares and around 15% on a fully diluted basis including options and warrants. 
Does that sound roughly familiar or am I way off? 

]]></description><pubDate>Sat, 20 Mar 2010 16:45:00</pubDate></item><item><title>SEC brings clouds to Sunshine Week</title><link>http://t.love.com/310979853</link><description><![CDATA[It didn't take long for a dark cloud to be cast over my Sunshine Week. 

If you read this column last week you endured my rant about March 14-20 being Sunshine Week, a time to recognize — and even celebrate — open government and the public's right to access records and information. 


The week started off well enough, but by Monday afternoon the clouds rolled in. 
By then, the Socorro Electric Cooperative had posted alternative resolutions to those passed by member-owners at district meetings last October. ]]></description><pubDate>Sat, 20 Mar 2010 9:03:00</pubDate></item><item><title>Top HSE director facing probe over 'conflict of interest'</title><link>http://t.love.com/310967464</link><description><![CDATA[An investigation is under way into a potential conflict of interest involving a senior director in the Health Service Executive. 


An external expert has been called in to probe the alleged conflict of interest in the wake of correspondence sent to the HSE 's audit committee. 


It is unclear whether the alleged conflict involves the manager's professional or financial interests. ]]></description><pubDate>Sat, 20 Mar 2010 7:30:00</pubDate></item><item><title>AUDIT HIGHLIGHTS</title><link>http://t.love.com/310958169</link><description><![CDATA[Expenses paid without approval. 
Monthly expenses are paid out before being approved by the board, and the board members vote to approve their own expenses. 


No-bid work. ]]></description><pubDate>Sat, 20 Mar 2010 6:24:00</pubDate></item><item><title>Muskegon Heights downtown development authority chairman resigns after alleged improper land sales</title><link>http://t.love.com/310956268</link><description><![CDATA[James Anthony, board chair of the Muskegon Heights Downtown Development Authority, resigned Friday amid allegations that he sold property without the full board's knowledge. 


Anthony tendered his resignation prior to a DDA meeting, in which six of the eight board members and about a dozen citizens were present. 
He did not give a reason for his resignation in a letter sent to Muskegon Heights Mayor Darrell Paige earlier in the day. 

]]></description><pubDate>Sat, 20 Mar 2010 6:13:00</pubDate></item><item><title>Huddersfield Royal Infirmary trust director gets another job with Student Loan Company</title><link>http://t.love.com/310955435</link><description><![CDATA[A HEALTH official from Kirklees has been given a new role with the troubled Student Loan Company. 


Jane Hanson – a non-executive director of Calderdale and Huddersfield Foundation Trust – is one of three new directors appointed by Minister of State for Higher Education David Lammy to the body, which has been criticised for massive delays in approving loans. 


The three new appointments replace two non-executive directors who retire at the end of their terms and another who resigned from her position last]]></description><pubDate>Sat, 20 Mar 2010 6:04:00</pubDate></item><item><title>Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Addus HomeCare Corporation</title><link>http://t.love.com/310953457</link><description><![CDATA[Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the common stock of Addus HomeCare Corporation ("Addus" or the "Company") (Nasdaq:ADUS) concerning possible violations of federal securities laws. 
The investigation focuses on allegations that the Company's Registration Statement and Prospectus issued in connection with the Company's Initial Public Offering on or about October 27, 2009, failed to disclose the Company's problems with aging receivabl]]></description><pubDate>Sat, 20 Mar 2010 5:48:00</pubDate></item><item><title>Richard White: Workshop meetings must be treated as regular meetings</title><link>http://t.love.com/310953447</link><description><![CDATA[Q. Our board of directors is going to implement weekly workshop meetings allowing a quorum to be present, but no motions will be made. 
I want to know if there is a state statute stating that as the secretary, I must 1) post an agenda; and 2) take and keep minutes at workshops. 


M.B. 

]]></description><pubDate>Sat, 20 Mar 2010 5:48:00</pubDate></item><item><title>The Shuman Law Firm Announces Investigation of Fuqi International, Inc.</title><link>http://t.love.com/310946815</link><description><![CDATA[The Company explained that due to its accounting errors, "the cost of sales for each of the periods were understated and gross profit and net income, as a result, were accordingly overstated." 
The Company also announced that as a result of its financial misstatements, Fuqi will delay the release of its final fourth quarter and year-end 2009 financial results, and will also file an extension for the filing of its Form 10-K for 2009. 
The day after this disclosure, the Company's shares closed at $11.90 per s]]></description><pubDate>Sat, 20 Mar 2010 5:01:00</pubDate></item><item><title>Governance wake up call!</title><link>http://t.love.com/310942959</link><description><![CDATA[At the turn of the year, the Ministry of Corporate Affairs released new voluntary corporate governance guidelines. 
Guidelines that recommend sweeping changes such as limiting the term of an Independent Director to 6 years, separating the role of Chairman and CEO, 'Impact Analysis on Minority Shareholders' of every board agenda item and the rotation of audit firms every 5 years. 
And though the guidelines are voluntary, the ministry expects that companies inform their shareholders if it hasn't met any of th]]></description><pubDate>Sat, 20 Mar 2010 4:43:00</pubDate></item><item><title>Bill aimed at workforce board conflicts</title><link>http://t.love.com/310939140</link><description><![CDATA[The measure (SB 1646) won unanimous approval Friday from the Transportation and Economic Development Appropriations Committee. 


It would prohibit board members and their relatives from doing business with their own boards. 
It also would bar them from spending state or federal dollars for food, beverage and entertainment for board members and employees. 

]]></description><pubDate>Sat, 20 Mar 2010 4:18:00</pubDate></item><item><title>FPL Group wants to change name</title><link>http://t.love.com/310913167</link><description><![CDATA[FPL Group Inc. wants to change its corporate name to NextEra Energy Inc. The names of operating subsidiaries NextEra Energy Resources LLC and Florida Power & Light Co., won't change. 


The companies' board of directors has approved the move, and it will be submitted to shareholders for a vote at the company's annual meeting May 21. 


The change is intended to better reflect the company's wider and growing operations across 28 states and Canada, company officials said. ]]></description><pubDate>Sat, 20 Mar 2010 1:18:00</pubDate></item><item><title>Savannah Realtors' board CEO resigns</title><link>http://t.love.com/310909295</link><description><![CDATA[Citing her desire to do what's in the best interest of the Savannah Board of Realtors, embattled CEO Anne Paul resigned her position Friday morning. 


Paul stepped down during a specially called meeting one week after a contentious town hall forum revealed a deep divide among the organization's 1,432 members. 


Last week's meeting was held to discuss a recently completed investigation into the accounting practices of Paul's staff and ended with the resignation of the board's president, a past president an]]></description><pubDate>Sat, 20 Mar 2010 0:53:00</pubDate></item><item><title>Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Innospec, Inc.</title><link>http://t.love.com/310903289</link><description><![CDATA[Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Innospec, Inc. 

BENSALEM, Pa.--( BUSINESS WIRE )--Law Offices of Howard G. Smith announces that it is investigating potential claims against Innospec, Inc. ("Innospec" or the "Company") (NASDAQ:IOSP) concerning possible breaches of fiduciary duty or other violations of law by the Company's board of directors. 
Innospec develops, manufactures, blends and markets fuel additives and other specialty chemicals to oil refineries ]]></description><pubDate>Sat, 20 Mar 2010 0:10:00</pubDate></item><item><title>Activist investors to push back against lax corporate governance</title><link>http://t.love.com/310887663</link><description><![CDATA[<img src="http://media3.washingtonpost.com/wp-dyn/content/photo/2010/03/19/PH2010031904989.jpg"><br>On one front, shareholder advocates will be pressuring banks to rein in hazardous pay practices, hold directors of corporate boards more accountable and improve oversight of risk at annual shareholder meetings in coming weeks. 


On another, the activist investors are pushing lawmakers to preserve elements of pending financial reform legislation that would give shareholders more power to nominate directors to run against management-backed slates. 


Buoyed by prospects of changes to come, the investor group]]></description><pubDate>Fri, 19 Mar 2010 22:33:00</pubDate></item><item><title>Comptroller Liu establishes Task Force on Public Benefit Agreements (including CBAs)</title><link>http://t.love.com/310886782</link><description><![CDATA[Comptroller John Liu, who has previously criticized Community Benefits Agreements (CBAs), is moving forward, by establishing a Task Force on Public Benefit Agreements , which cites, among other things, the City Bar Association's recent report calling for reforms. 


The Task Force will develop recommendations on best practices and draft a framework for a more effective and equitable process to guide public subsidized economic development projects in the City of New York, including accountability and enforce]]></description><pubDate>Fri, 19 Mar 2010 22:27:00</pubDate></item><item><title>Icahn Now Wants to Acquire All of Lions Gate</title><link>http://t.love.com/310886774</link><description><![CDATA[Mr. Icahn already owns about 18.9 percent of the company, but Lions Gate rejected his previous offer. 
The rejection included the adoption of a shareholder rights plan to try to stymie his effort. 


"Lions Gate previously criticized our tender offer for being partial," Mr. Icahn said in a statement. ]]></description><pubDate>Fri, 19 Mar 2010 22:26:00</pubDate></item><item><title>Spark Networks(R) Special Committee Retains Piper Jaffray &amp;…</title><link>http://t.love.com/310883785</link><description><![CDATA[The Special Committee of the Board of Directors of Spark Networks, Inc. (NYSE Amex: LOV), a leading provider of online personals services, announced today it completed its selection process of a financial advisor and has retained Piper Jaffray & Co. as its independent financial advisor. 
The Special Committee was formed by the Company's Board of Directors to consider a proposal by Great Hill Partners III, LP ("Great Hill") to purchase all of the outstanding shares of common stock of the Company not owned by]]></description><pubDate>Fri, 19 Mar 2010 22:01:00</pubDate></item><item><title>Schneider Power Announces Key Dates in Connection with Special Meeting to approve Transaction with Quantum Technologies and Issues Management Information Circular</title><link>http://t.love.com/310850481</link><description><![CDATA[TORONTO, ONTARIO--(Marketwire - March 19, 2010) - Schneider Power Inc. (TSX VENTURE:SNE) ("Schneider Power") today announced that it will hold a special meeting of its shareholders on April 13, 2010 to consider and vote on the stock-for-stock exchange transaction with Quantum Fuel Systems Technologies Worldwide Inc. ("Quantum") that it announced on November 25, 2009. 


The board of directors of Schneider Power have fixed March 11, 2010 as the record date for the determination of shareholders entitled to re]]></description><pubDate>Fri, 19 Mar 2010 18:58:00</pubDate></item><item><title>Advanced ID Provides Corporate Update</title><link>http://t.love.com/310810256</link><description><![CDATA[Advanced ID Corporation (OTCBB: AIDO) a leading developer of RFID solutions for supply chain applications, fleet operations, animal tracking and tire management, announces a series of shareholder related initiatives. 


Dan Finch, Advanced ID's President, said "The Company has developed a plan to move forward in a new direction and the protection of shareholder interests is a major focus of the plan." 


The combination of a slowly improving global economy, the increasing strength of our RFID business in La]]></description><pubDate>Fri, 19 Mar 2010 16:30:00</pubDate></item><item><title>Real Mex Restaurants Names New CFO</title><link>http://t.love.com/310808250</link><description><![CDATA[Real Mex Restaurants today announced the hiring of Richard Dutkiewicz as executive vice president and chief financial officer. 


PRESS RELEASE: CYPRESS, Calif.--
(BUSINESS WIRE)--Real Mex Restaurants, Inc. ("RMR") today announced the hiring of Richard (Rick) Dutkiewicz as Executive Vice President and Chief Financial Officer ("CFO"). 

]]></description><pubDate>Fri, 19 Mar 2010 16:27:00</pubDate></item><item><title>Read The Letter Lehman Brothers Whistle Blower Letter</title><link>http://t.love.com/310797786</link><description><![CDATA[<img src="http://static.businessinsider.com/image/4b846ce900000000008616ee/erin-callan.jpg"><br>Here's the letter the Lehman Whistleblower wrote to execs at Ernst and Young and Lehman back in 2008 that emerged during the bankruptcy hearing. 
He was fired a month later. 


The WSJ got a copy of it. 

]]></description><pubDate>Fri, 19 Mar 2010 15:49:00</pubDate></item><item><title>Brownsburg Chamber director resigns post</title><link>http://t.love.com/310790589</link><description><![CDATA[The Greater Brownsburg Chamber of Commerce will be looking for a new executive director in the coming weeks. 


Walt Duncan gave the board his resignation this week, following an eight-year tenure as director. 


The board plans to take formal action on his resignation at a special meeting on March 25. 

]]></description><pubDate>Fri, 19 Mar 2010 15:27:00</pubDate></item><item><title>My one legislative wish ...</title><link>http://t.love.com/310789059</link><description><![CDATA[The government leaned on the corporate world too heavily, to do its dirty business, i.e. to manage health care, retirement, worker safety, immigration policy, etc. In no other countries to do we make the CEOs run such a large part of the government. 
CEOs love this because it gives them ever greater life-and-death power over all their slaves XXXX employees. 
The CEOs of this country, even the well-intentioned ones, are placed in a "Simon Legree" role by the government. 

= ]]></description><pubDate>Fri, 19 Mar 2010 15:22:00</pubDate></item><item><title>Manitex Revises its Management Information Circular Pertaining to the General Annual Meeting of Shareholders to Be Held on ..</title><link>http://t.love.com/310787207</link><description><![CDATA[MONTREAL, QUEBEC -- (Marketwire) -- 03/19/10 -- Manitex Capital Inc. (TSX VENTURE: MNX) announced today that it has revised its Management Information Circular dated February 16, 2010 and filed on SEDAR on February 19, 2010. 
Specifically the Circular has been amended to reflect changes in the Statement of Executive Compensation Table and the inclusion of a Directors Compensation Table and Directors Outstanding Share-based Awards and Option-based Awards Table to conform to the corporate governance disclosur]]></description><pubDate>Fri, 19 Mar 2010 15:14:00</pubDate></item><item><title>Author of new rule: No boards had to go away</title><link>http://t.love.com/310786087</link><description><![CDATA[<img src="http://images.townnews.com/gillettenewsrecord.com/art/aplink.jpg"><br>No county boards needed to be dissolved and no financial responsibility needed to be taken away from the boards because of a new accounting rule — so says the author of GASB 54. 


The Campbell County Commission decided to dissolve six county boards in November because of a new governmental accounting rule known as Governmental Accounting Standards Board rule 54 or "GASB 54." 


But the author of that rule says there was no need to change the way the boards operated or dissolve them and that the rule is for]]></description><pubDate>Fri, 19 Mar 2010 15:09:00</pubDate></item><item><title>Hemisphere GPS Announces Directors Approval of Shareholder Rights Plan</title><link>http://t.love.com/310773879</link><description><![CDATA[The Rights Plan is designed to provide shareholders and the Board with adequate time to consider and evaluate any unsolicited bid made for the Corporation, to provide the Board with adequate time to identify, develop and negotiate value-enhancing alternatives, if considered appropriate, to any such unsolicited bid, to encourage the fair treatment of shareholders in connection with any take-over bid for the Corporation and to ensure that any proposed transaction is in the best interests of the shareholders o]]></description><pubDate>Fri, 19 Mar 2010 14:26:00</pubDate></item><item><title>Baker Hughes, BJ Services To Reconvene Meetings</title><link>http://t.love.com/310772570</link><description><![CDATA[Shareholders of oil services company Baker Hughes Inc. and BJ Services Co. voted Friday to adjourn their meetings until the end of the month, as both sides continue to see antitrust approval for the sale of BJ Services to Baker Hughes. 


The deal - valued at $5.5 billion - has received approval from foreign jurisdictions. 
But it has not yet received the required approval from the antitrust division of the U.S. Department of Justice. 

]]></description><pubDate>Fri, 19 Mar 2010 14:21:00</pubDate></item><item><title>Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of The Orchard Enterprises, Inc.</title><link>http://t.love.com/310770846</link><description><![CDATA[]]></description><pubDate>Fri, 19 Mar 2010 14:13:00</pubDate></item><item><title>Convening of shareholders meeting</title><link>http://t.love.com/310763803</link><description><![CDATA[]]></description><pubDate>Fri, 19 Mar 2010 13:56:00</pubDate></item><item><title>Executive VP, CFO resigns from Covanta Holding Corp.</title><link>http://t.love.com/310745621</link><description><![CDATA[Executive VP, CFO resigns from Covanta Holding Corp. 


March 19 -- Mark A. Pytosh, executive vice president and CFO, is resigning from waste-to-energy company Covanta Holding Corp. at the end of this month, the company said today. 


Pytosh has accepted the position of CFO of CCS Corp. 

]]></description><pubDate>Fri, 19 Mar 2010 13:02:00</pubDate></item></channel></rss>