[Foundation-l] governance

[Ray Saintonge]

Jeff V. Merkey wrote:

>Thomas Dalton wrote:
>  
>
>>>Here in Utah, under our laws, holding board meetings in
>>>public and failing to observe
>>>certain requirements of due diligence with corporate matters are
>>>criminal and cross the line.
>>>      
>>>
>>That sounds like a very strange law. Corporate transparency is illegal
>>in Utah? Certainly board members need to be careful what they do with
>>confidential information, but that isn't relevant to a discussion of
>>governance.
>>    
>>
>Insider trading is one example. There are lots of others. Its just 
>depends on the circumstances.
>
The easy way to aoid problems with insider trading is not to issue 
shares with a market value. 

Ec