Question
Atualizado em
1 mai 2015
- Chinês Simples (China)
-
Inglês (EUA)
-
Alemão
Pergunta sobre Inglês (EUA)
O que significa Directors may not by agreements entered into as stockholders abrogate their independent judgment. ?
O que significa Directors may not by agreements entered into as stockholders abrogate their independent judgment. ?
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- Inglês (EUA)
Ok, I'm not a lawyer so this is not legal advice... that said, I deal with these types of clauses a lot.
Very few native speakers will really understand this either.
What is the context? The general meaning is that Directors can't use some provision of an agreement that they enter into as shareholders as an excuse for not exercising their independent judgment as fiduciaries of the company.
The usual situation where you would see this is where a shareholder has the right to place a representative on the board of directors. Naturally, there's a conflict of interest.
So this sort of clause is normally intended to emphasize that Directors have an independent responsibility to act in the best interests of all shareholders. The legal term for this is to act as a fiduciary.
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- Chinês Simples (China)
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