[Foundation-l] governance

Wed Apr 11 19:09:22 UTC 2007

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.

Jeff