Remove agencies equal-employment-opportunity-commission
article thumbnail

Corporate Officers, Not Just Directors, Can Be Liable for Duty of Oversight Violations

Harvard Corporate Governance

2009), principles of agency, decisions from other jurisdictions and academic commentary. VC Laster opined that the same policies that motivated Chancellor Allen to recognize the duty of oversight for directors in Caremark , applied equally, if not to a greater degree, to officers. Stephens , 965 A.2d 2d 695 (Del.

218
218
article thumbnail

A Potent Combo: Misappropriation of Corporate Opportunity Meets Faithless Servant

Farrel Fritz

Misappropriation of corporate opportunity is one of our favorite, most frequently blogged topics on New York Business Divorce. A special kind of breach of fiduciary duty, the corporate opportunity doctrine holds that “corporate fiduciaries and employees cannot.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Legal Expert: Employers Should Conduct Regular Auditing of A.I. Tools Used for Employment Practices

ThomsonReuters

According to the EEOC, employers are using automated systems (including those with A.I.) more frequently “to help them with a wide range of employment matters, such as selecting new employees, monitoring performance, and determining pay or promotions.” being used in employment decisions. tools for hiring workers.

article thumbnail

SEC Issues Strategic Plan for Fiscal Years 2022-2026

Reynolds Holding

Accountability and deterrence are core goals of the enforcement program and in seeking remedies, the agency considers whether that resolution sufficiently promotes both specific and general deterrence. A record 67 million U.S. families held direct and indirect stock holdings in 2019. [1]

article thumbnail

Covington Discusses Responsibly Audited AI and the ESG/AI Nexus

Reynolds Holding

At the federal regulatory agency level, the Consumer Financial Protection Bureau (“CFPB”) published guidance in May 2022 for financial institutions that use AI tools. The Act covers “automated decision systems” that companies use to make “critical decisions” affecting employment and financial services decisions.

article thumbnail

“Shadow Trading” Becomes Insider Trading

Reynolds Holding

District Court in San Francisco denied a motion to dismiss charges filed by the Securities and Exchange Commission under an expansive new theory of insider trading liability. The court next considered whether by investing in Incyte Panuwat had breached a duty to his employer Medivation. On January 14, 2022, the U.S.

article thumbnail

Last Week in Payroll: The List and Legality of Employee Vaccination Requirements

ThomsonReuters

Biden is also encouraging employers across the private sector to take similar steps. I will also go over the legality of requiring that employees vaccinate with information from the Equal Employment Opportunity Commission (EEOC) and some recent court cases. California. . Connecticut. .

52