A corporate officer or director or other executive with access to corporate
information that is not available to the public.
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Insider
Profits made by corporate insiders during a period of less than six months between
purchase and sale.
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Short-Swing Profits
,Organizational papers of a corporation; list the company's structure, capitalization,
board structure, and so on
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Articles of Incorporation
Duty of care imposed upon members of corporate boards that require adequate
review of issues and information, devotion of adequate time to deliberations, and
hiring of outside consultants as necessary for making decisions, the standard does not
require foolproof judgment, only reasonable care in making judgment
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Business judgment Rule
A business proposition or investment opportunity that a corporation would have an
interest in pursuing; precludes directors from taking a profit opportunity when the
corporation would have an interest
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Corporate Opportunity Doctrine
Offer to more than 10 percent of the shareholders of a firm for the purchase of their
shares; generally part of a takeover effort.
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, Tender Offer
Committee of the board responsible for oversight of company financial statements
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Audit Committees
A takeover not favored by the target's management
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Hostile Takeover
Method of business ownership in which one person owns business; receives all
profits, and is personally liable for all debts
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Sole Proprietorship
Theory used for disregarding the corporate protection of limited liability for
shareholders; results when individuals treat the corporation's properties and accounts
as their own and fail to follow corporate formalities.
information that is not available to the public.
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Insider
Profits made by corporate insiders during a period of less than six months between
purchase and sale.
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Short-Swing Profits
,Organizational papers of a corporation; list the company's structure, capitalization,
board structure, and so on
Give this one a try later!
Articles of Incorporation
Duty of care imposed upon members of corporate boards that require adequate
review of issues and information, devotion of adequate time to deliberations, and
hiring of outside consultants as necessary for making decisions, the standard does not
require foolproof judgment, only reasonable care in making judgment
Give this one a try later!
Business judgment Rule
A business proposition or investment opportunity that a corporation would have an
interest in pursuing; precludes directors from taking a profit opportunity when the
corporation would have an interest
Give this one a try later!
Corporate Opportunity Doctrine
Offer to more than 10 percent of the shareholders of a firm for the purchase of their
shares; generally part of a takeover effort.
Give this one a try later!
, Tender Offer
Committee of the board responsible for oversight of company financial statements
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Audit Committees
A takeover not favored by the target's management
Give this one a try later!
Hostile Takeover
Method of business ownership in which one person owns business; receives all
profits, and is personally liable for all debts
Give this one a try later!
Sole Proprietorship
Theory used for disregarding the corporate protection of limited liability for
shareholders; results when individuals treat the corporation's properties and accounts
as their own and fail to follow corporate formalities.
