[Foundation-l] governance

Ray Saintonge saintonge at telus.net
Fri Apr 13 00:41:23 UTC 2007

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
>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. 


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