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Author Archives: Stephen M. Honig

Boards of directors: past, present and future

HONIG, STEPHEN

Decades ago, the functions of public boards of directors were easily articulated: boards evaluated management, used best judgment, did not self-deal, and discharged the duties of care and loyalty. The primary role was overseeing strategy. Disinterested directors were protected by ...

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Recent corporate developments: a practical guide

HONIG, STEPHEN

The last few months have taught us a few things about financing and selling companies. Below are some current developments. Single purpose entities Many lenders attempt to prevent business borrowers from seeking bankruptcy relief, thus protecting their contractual collection provisions. ...

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