| DIRECTOR'S DUTY OF LOYALTY |
| AN OVERVIEWMore... |
| Director Committees for NASDAQ-Listed Companies |
| Required Independent Director Committees for NASDAQ-Listed CompaniesMore... |
| RCRA |
| The Resource Conservation and Recovery Act (RCRA) is a federal regulatory scheme that is designed to manage and regulate hazardous and non-hazardous waste from "cradle to grave." Largely prospective in nature, RCRA covers the storage, treatment, and disposal of waste materials at industrial, commercial, agricultural, and mining sites and facilities. It also covers operations at waste and water treatment plants and air pollution control facilities. Title III of RCRA governs the permitting and notice requirements for hazardous waste generators and handlers. Hazardous wastes, which must be solid wastes, are defined and categorized in this portion of RCRA. Criminal sanctions are available if these provisions are violated. More... |
| Stock and Commodity Exchange Volatility Controls |
| Stock exchanges such as the New York and American Stock Exchanges and trading facilities such as Nasdaq are considered self-regulatory organizations under federal securities laws. To reduce volatility, securities and commodities markets have adopted several mechanisms known as circuit breakers, the collar rule, and price limits.More... |
| Premerger Second Requests for Information |
| Parties to mergers or acquisitions involving sales or assets of $100 million or meeting other threshold levels must report their planned merger or acquisition to the Department of Justice or the Federal Trade Commission and wait for 30 days (15 days in the case of a cash tender offer or a bankruptcy sale) following the report before completing the transaction. That waiting period allows the Department or the Commission time to review the transaction for its potential effect on competition before deciding what enforcement action, if any, will be taken.More... |


