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Message: Fiduciarily irresponsible of our BOD to shareholders of PTSC, IMO - could be ?
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Icon president An argument for a trial
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lambertslunatics
Sep 18, 2013 12:58PM

Yeah ! (link from Lawyers.com)

Directors must act in the best interests of the corporation and its members or stockholders. More specifically, the duty to act in good faith prohibits members of the board of directors from:

  • Failing to act in the face of a known duty to act
  • Acting in a manner unrelated to a pursuit of the corporation's best interest
  • Maintaining a sustained or systematic failure to provide oversight
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Re: An argument for a trial
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moxa1
Sep 19, 2013 06:04PM
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