The mission of the Corporate Laws Committee is to adopt amendments to and provide expert commentary on the Model Business Corporation Act. The Committee addresses issues relating to the functioning of public and private corporations, and presents programs and publishes handbooks, treatises, statutory compilations and other reports and papers on this subject.
- 24 regular members, each serving 6-year terms, plus a chair and secretary.
- Approximately 20 senior advisors, liaisons and special advisors.
- Three standalone in-person meetings a year plus an in-person meeting at the Business Law Section Spring Meeting.
- Approximately 10 working task forces addressing various corporate law issues and amendments to the Model Business Corporation Act.
- As its primary function, the Committee continuously considers the need for possible amendments or additions to the Model Business Corporation Act in light of developments in corporate and securities laws, judicial decisions and regulatory actions.
- The Committee presents a program annually at the Business Law Section Spring Meeting and co-sponsors other programs from time to time.
- Current publications published by the Committee include the Model Business Corporation Act Annotated, The Corporate Directors Guidebook and the Handbook for the Conduct of Shareholders’ Meetings.
Areas of Expertise
- State corporate laws
- Corporate governance
- Relationship between state corporate law and federal securities laws