17-197C 17-197C . . . Indemnification Agreement to be entered into between corporation and its current and future directors and such current and future officers and other agents as directors may designate. The proposal includes description of procedural and substantive matters in Indemnification Agreements that are not addressed, or are addressed in less detail, in California law
Agreement Between Directors With Interlocking
Category:
State:
Multi-State
Control #:
US-CC-17-197C
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Indemnification Agreement Between Corporation And Its Current And Future Directors?
There's no longer a necessity to squander hours searching for legal documents to comply with your local state regulations.
US Legal Forms has gathered all of them in a single location and streamlined their availability.
Our platform features over 85k templates for various business and individual legal situations, organized by state and area of application.
Fast and straightforward formal documentation under federal and state regulations is made easy with our platform. Experience US Legal Forms today to maintain your paperwork in order!
- All forms are properly drafted and verified for authenticity, ensuring you receive a current Agreement Between Directors With Interlocking.
- If you are acquainted with our service and already maintain an account, ensure your subscription is active before acquiring any templates.
- Log In to your account, select the document, and click Download.
- You can also revisit all obtained documentation whenever necessary by accessing the My documents tab in your profile.
- For users who have not previously used our service, the procedure will involve a few additional steps to complete.
- Here's how new users can find the Agreement Between Directors With Interlocking in our collection.
- Read the page content attentively to confirm it contains the sample you need.
- To do this, use the form description and preview options if available.
Form popularity
FAQ
What Are Interlocking Directorates? Interlocking directorates is a business practice wherein a member of one company's board of directors also serves on another company's board or within another company's management.
Interlocking directorates refers to when a member of a company's board of directors also serves on another company's board or within the company's management. Under the antitrust legislation, interlocking directorates are not illegal as long as the corporations involved do not compete with each other.
While they generally are legal, interlocking directorates between competing corporations are prohibited under the US antitrust laws, due to their potential to result in anticompetitive effects, such as allowing competitors to coordinate business decisions and exchange competitively sensitive information.
Two firms have a direct interlock if a director or executive of one firm is also a director of the other, and an indirect interlock if a director of each sits on the board of a third firm. This practice, although widespread and lawful, raises questions about the quality and independence of board decisions.
An interlocking directorate is the connection that gets created when a board director of one corporation accepts an appointment to be a board director of another corporation.
