The article offers information on the different methods for board of directors to mitigate the companies' fiduciary risk in the U.S. It has been suggested that the firm needs to have a solid fiduciary process in place wherein the benefit plan's fiduciary structure and the plan documents are ...
For example, if a company with limited liability is sued, the claimants can only collect against the assets of the company and not the personal assets of the shareholders or members. This is in contrast to a general partnership, where each partner is personally liable for all the debts of ...
The article discusses the Liability Driven Investment (LDI) strategies for fiduciaries of defined benefit pension plans subjected to the Employee Retirement Income Security Act of 1974 (ERISA). The article describes the basic concepts that comprise the LDI strategy, the ERISA fiduciary concepts applicabl...
In fact, your letter could boomerang—and you might soon be the person receiving a cease and desist letter and being the subject of a lawsuit. An attorney will ensure your letter doesn’t contain anything that could expose you to legal liability. ...
11. Our liability to you 11.1. The what3words Products are provided “as is” without warranty of any kind. what3words disclaims all warranties regarding the what3words Products, what3words Brand Assets and the what3words Awards to the fullest extent permitted by applicable law, whether expre...
–Lease expiration date. You might also be interested in: What is eviction? What is fiduciary? What is financing/mortgage contingency? Search other terms A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Popular terms...
What is a lease? The term Lease usually applies to rent that is paid for non-residential space. It is a contract between a business and a landlord, for commercial/for profit use of the property. This type of rental agreement usually covers a longer period of time–the lease term is at...
An asset is anything owned by the company to provide economic value for the business. It can be either tangible or intangible. For example, machinery, goodwill. A liability is anything which a company is obliged to pay to other company or persons for any past transactions. It can be ...
Fiduciary duties may be required of a stockholder in certain circumstances when they possess a majority interest in a corporation or exercise control over its activities. A breach of fiduciary duty may result in personal legal liability for the controlling shareholder as well as for directors and of...
Accountant's liability stems from legal exposure assumed while performing an audit or corporate accounting services.