The California Corporations Code authorizes the bylaws to include a provision specifying the qualifications of directors. Cal. Corp. Code § 212(b)(4). A similar provision can be found in the Nonprofit ...

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64% of Fortune 500 companies are incorporated in Delaware. According to Delaware law, corporate board directors have a duty of care and a duty of loyalty when overseeing the corporations they serve.

Company boards must understand the role of director qualifications in satisfying the duty of oversight and the expectations of regulators and institutional investors. To withstand stakeholder scrutiny ...

In 2003, the Securities and Exchange Commission began requiring companies to disclose “any specific, minimum qualifications that the nominating committee believes must be met by a nominating committee ...

It is important to verify directors’ qualifications upfront before they are appointed to a board because it is basic good governance and protects the organisation from reputational damage if a ...