Advice In All Aspects Of Corporate Governance

Corporate governance is the system by which a corporation and its directors, officers and managers are directed and held accountable for their respective decisions that impact the corporation. It involves a complex set of relationships between the board of directors, management and shareholders. Massachusetts General Laws Chapter 156D, sections 8.30 and 8.42, impose standards of care and strict fiduciary duties on directors and officers of a corporation.

Insufficient attention to corporate governance can lead to breaches of fiduciary duty, conflicts of interest and violations of law, and can subject your company to potential shareholder derivative actions. The attorneys at Seder & Chandler, LLP, can advise you on how to remain compliant, focus on issues related to directors and officer standards of care, and the rules of engagement.

At Seder & Chandler, LLP, our attorneys have advised board of directors and management teams on key governance issues and how to avoid potential lawsuits, including disclosure policies and controls, statutory compliance procedures, director independence and liability risks. We can advise clients on how to remain compliant and what actions to take if a dispute arises.

In our practice, we have provided legal advice and representation in a variety of situations, including:

  • Drafting and responding to shareholder demand letters
  • Advising a board of directors about how to comply with its fiduciary duty
  • Defending against shareholder derivative actions
  • Serving as independent counsel to litigation committees to impartially investigate the validity of shareholder demands

Our firm can advise you about how to use, implement and enforce corporate governance controls, policies and agreements to ensure the stability of your corporation or your shareholder interest in a corporation. We encourage you to contact a lawyer at Seder & Chandler, LLP, in Worcester and Westborough in the MetroWest Boston area with any questions regarding corporate governance or any other aspect of business law.