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The Business Judgment Rule – a December 2011 Iowa Supreme Court Opinion
On December 16, 2011, the Iowa Supreme Court published its opinion in Robert Oberbillig et al. v. West Grand Towers Condominium Association, click here for the opinion. The case involved a legal...
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Does the Lack of a Succession Plan Constitute a Breach of Fiduciary Duty?
On June 21, 2012, in response to Plaintiff alleging HP’s Board of Directors breached their fiduciary duties to the company and its shareholders by failing to implement a succession plan, the Delaware...
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PART I – A Director’s Fiduciary Duty to Question and Disclose Information?
PART I – 2013 Changes to the Iowa Business Corporation Act. This post is the first in a series of posts that will address several changes to the Iowa Business Corporation Act (Iowa Code Chapter 490)...
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Cybersecurity and Your Business’ Board of Directors
A recent court opinion underscores the importance for a company’s board of directors to assess cybersecurity. As we’ve explored in several prior posts, directors are charged with exercising fiduciary...
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