Legal Question in Business Law in California

Re: Corporate Governance Laws

Check the California corporations code at www.findlaw. com

Re: Corporate Governance Laws

Corporate Goverance in the USA is governed primarily by state laws - both legislative and judicial determinations. Some of the more important states in this regard are Delaware, Pennsylvania, Maryland, Nevada with Delaware being the most influential of all the states. Obtain an annotated copy of Delaware's (or a particular state of interest)corporation code for details and annotated cases interpreting particular provisions of a state's corporation code. Indirectly the Federal Securities Exchange Commission influences corporate governance.

Re: Corporate Governance Laws

The duties of corporate directors are mentioned in the laws of the various states (there is little general federal legislation respecting corporate governance), but one must look well beyond the statutes to grasp the breadth of directors' duties, many of which are based upon common law. I suggest you acquire a copy of 'Corporate Director's Guidebook' published by the Section of Business Law of the American Bar Association.

Single copies may be purchased by non-members by mail; try:

Publications Planning & Marketing Department

American Bar Association

750 North Lake Shore Drive

Chicago, Illinois 60611-USA

Re: Corporate Governance Laws

You can check out the California Corporations Code at: http://www.leginfo.ca.gov/cgi-bin/calawquery?codesection=corp&codebody=&hits=20