Corporate Governance · glossary
Terms no worse for the company than a stranger would offer. For a deal with a Related Party, the minute must record the proof: two comparable quotes from others, or an independent valuation. The packaging contract was approved against two dearer quotes. Charter §5.5 · Chapter 4
Explained in Chapter 4, Conflicts: The Packaging Contract, of Corporate Governance.
The test is arm's length: terms no worse for the company than a stranger would offer. The charter says how the board proves it…Read Chapter 4, Conflicts: The Packaging Contract →
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