The duty of care is a fiduciary duty requiring directors and/or officers of a corporation to make decisions that pursue the corporation’s interests with reasonable diligence and prudence. This fiduciary duty is owed by directors and officers...
corporations
duty of good faith
The duty of good faith is the principle that directors and officers of a corporation who are making decisions in their capacities as corporate fiduciaries, must act with a conscious regard for their responsibilities in that role. A violation...
duty of loyalty
The duty of loyalty is one of the fiduciary duties owed by a company’s directors . The duty of loyalty requires the directors to place the interests of the company and the shareholders before any of their personal interests. The directors’...
emerging growth company (EGC)
Emerging growth company (EGC) is a category of issuer for which the disclosure and gun-jumping regulations are relaxed.
The Jumpstart Our Business Startups (JOBS) Act of 2012 created the category emerging growth companies...
enhanced scrutiny test
In corporation law, the enhanced scrutiny test was established in Unocal Corp. v. Mesa Petroleum, 493 A.2d 946 (Del. 1985), also known as the Unocal Test. In this case, the Delaware Supreme Court established the enhanced scrutiny test, which...
entity
An entity refers to a person or organization possessing separate and distinct legal rights, such as an individual, partnership, or corporation. An entity can, among other things, own property, engage in business, enter into contracts, pay...
entity liability
In business law, entity liability is when a corporation is treated as an independent legal entity, and should be held liable for the liabilities incurred by the business.
The concept of entity liability allows a corporation...
entity list
The Bureau of Industry and Security (BIS) controls the export of commodities and related technology whose widespread release could compromise U.S. national security. The Entity List is found in Supplement No. 4 to part 744 of the Export...
equitable subordination
According to section 510(c) of the Bankruptcy Code, equitable subordination is a common law doctrine that protects unaffiliated creditors (i.e., outsiders, bona fide third party) by giving them rights to corporate assets superior to those of...
espionage
Espionage is the crime of spying or secretly watching a person, company, government, etc. for the purpose of gathering secret information or detecting wrongdoing, and to transfer such information to another organization or state. The act of...