Powers and Duties of Directors and Officers of a Corporation

Powers and Duties of Directors and Officers of a Corporation

Summer 2018 Article

In the event you decide to form a U.S. corporation, the equivalent of an Italian società per azioni, it is important to understand: 1) who are the key persons for a correct management of the corporation, and 2) what are their powers and duties. Please note that the purpose of this article is to give the reader a general overview of the organizational structure of a U.S. corporation and does not take into account the provisions of each state.

Individuals Beware! California’s Fair Days Pay Act Imposes Personal Liability on Individuals for Wage and Hour Violations

Individuals Beware! California’s Fair Days Pay Act Imposes Personal Liability on Individuals for Wage and Hour Violations

Spring 2018 Article

The agency theory of liability in the employment context takes on new meaning with the induction of California Senate Bill 588 (the “Bill”), known colloquially as California’s “Fair Days Pay Act”.  As a result of the Bill, the corporate form no longer provides immunity from personal liability for individuals who (through their companies) commit wage and hour violations. While the Bill went into effect on January 1, 2016, the implications are still yet to be fully determined.