Just a thought: at about 1:04 you were having a convo on personal liability of directors & officers. This is still a big issue especially in DE Chancery but from what I understand SarbOx as well as CareMark created as part of the D/O duty of loyalty + care to create reporting systems that D/O's have to monitor. Of course this comes down to the business judgment rule as to whether a reporting system has to be created or not, but D/O's if made aware of fraud thru a reporting system have to take action on it, they cannot bad faith ignore it.
Fun conversation guys, i wish Hank had joined in for some financial ’tism. The “manifest destiny” podcast sounds intriguing, reminds me of old FTN deep dives on American history. Also; very based outro song.
Just a thought: at about 1:04 you were having a convo on personal liability of directors & officers. This is still a big issue especially in DE Chancery but from what I understand SarbOx as well as CareMark created as part of the D/O duty of loyalty + care to create reporting systems that D/O's have to monitor. Of course this comes down to the business judgment rule as to whether a reporting system has to be created or not, but D/O's if made aware of fraud thru a reporting system have to take action on it, they cannot bad faith ignore it.
Fun conversation guys, i wish Hank had joined in for some financial ’tism. The “manifest destiny” podcast sounds intriguing, reminds me of old FTN deep dives on American history. Also; very based outro song.