By prescribing the number of board meetings devoted to compliance review and requiring specific board resolutions, CIA provisions let the government contractually determine how and when a board will interact.
Source quote, verbatim
In effect, these provisions allow the government to contractually determine how and when a board will interact.
From
Wulf A. Kaal, Elizabeth R. Malay, The Role of Corporate Integrity Agreements in the Expansion of Fiduciary Duties (2013), III.3 Reach and Scope, p. 13 https://ssrn.com/abstract=2317580 · source PDF
Cite as
Wulf A. Kaal, Elizabeth R. Malay, The Role of Corporate Integrity Agreements in the Expansion of Fiduciary Duties (2013). SSRN: https://ssrn.com/abstract=2317580
Holds when
CIAs containing board specific provisions, as in the Allergan, Pfizer, and AstraZeneca agreements
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