Whether facing a shareholder demand, considering a large transaction, or launching an internal investigation to uncover and remediate alleged wrongdoing, creating a special committee of the Board of Directors of a company to direct the investigative process can be critical to a successful, independent resolution.
For example, in the context of a derivative action, a thoughtfully constructed special committee allows the board to ensure its fiduciary duties are efficiently discharged and that any demands are addressed to the satisfaction of the court and the company’s shareholders. In the context of a corporate transaction, a special committee enables a company to successfully close deals involving possible conflicts of interest. And, when investigating other claims of corporate wrongdoing, a special committee can help protect companies and board members from government inquiries and follow-on litigation.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
