Internet governance

A lawsuit has been filed on behalf of all people who purchased or acquired Pacific Coast Oil Trust (PCOT) securities that became effective on May 2, 2012 and September 19, 2013. It is alleged that PCOT violated federal securities laws in its disclosures. The disclosures issued are believed to misrepresent its business, operations, and prospects. More specifically, it is claimed that the statements are misleading regarding PCOT’s capital expenditures and hedge contracts (Faruqi & Faruqi, LLP).…

• Step 1: Corporation or LLC action Company owners must approve the dissolution of the business. With corporations, the shareholders must approve the action; with limited liability companies (LLCs), members grant approval. For small businesses, shareholders or members are often involved in day-to-day operations, and typically know the circumstances. The bylaws of a corporation and the LLC operating agreement typically outline the dissolution process and needed approvals. To comply with…

A. Legal Rules Conflict of Interest A long-time member of the board and the largest donor, John Woods, reached out to the Executive Director of Children’s Assistance Services (CAS) to contact Marvin Jones to start on the repair project. John Woods’ wife’s brother owns 20% of Marvin Jones’ business. Since Woods is a member of the board and holds leverage due to being the largest donor, this situation is deemed as a conflict of interest (Statues p.1019, Article III, Para 2). Moreover, there was…

Corporate misconduct should be preempted and must start from within the individual company’s leadership and trickle down. No matter how much regulation you have in place, if it is the intent of a CEO or other top leader in a given company there is very little regulation will do to prevent misconduct. As the saying goes rules are made to be broken unless from within a company there exists a robust infrastructure of ethical organization that is self-sustaining. In my view there seems to be a sway…

Paul L. Howes (58) President and Chief Executive Officer Paul Howes started his management career with Flint Ink Corporation, where he worked for 5 years as the Vice President and General Manager of the company’s Packaging division. In 2002, Mr.Howes started Astaris LLC, a chemical company. He sold Astaris three years later, and moved to Newpark in 2006. Mr.Howes immediately took on a leadership role at Newpark, becoming President and CEO, while also joining Newpark’s Board of Directors.…

As Chairman and Chief Executive Officer at Saratoga Investment Corp., a publicly traded business development company, Chris Oberbeck brings over 25 years of experience in leveraged finance, from distressed debt to private equity, to the position. Mr. Oberbeck’s wealth of experience stems from originating, structuring, negotiating, consummating, managing and monitoring investments in a wide variety of middle-market businesses. In addition to his aforementioned roles, Mr. Oberbeck is the…

Neil Barofsky, the soon-to-be-former Special Inspector General of the Troubled Asset Relief Program – the government’s $700 billion fund to bailout the banks – was never well liked at the Treasury Department, even though that is technically where he worked. Timothy Geithner reportedly repeatedly tried to have him fired, or at least have Barofsky’s role downsized. Now it appears the feelings were mutual. Barofsky was confirmed by the Senate back in December 2008 to be one of two watchdogs who…

When activists, citizens, and others made pleas for prosecuting the companies who were manipulating information and committing investor fraud, Congress enacted a corporate reform law (130). This law placed heavy requirements on companies while ignoring those who failed in regulating the previous companies. While the corporate reforms did improve the companies superficially, the only way to actually improve a company is moral reform. There are three principles that summarize corporate reform.…

I agree with the reversal decision made by the Supreme Court. Although Yates altered his catch after his boat was encountered by a Florida fish and wildlife officer, The Sarbanes-Oxley Act which Yates was charged under was established to prohibit corporate and management from knowingly altering or destroying "any record, document, or tangible object" with the intent to obstruct an investigation. While we are all aware that Yates engaged in wrongful doing by tossing the undersized fish out, where…

Art Kjos, AIA and Executive Director of Planning, Design and Construction, has informed of his intention to retire on 7/31/2018. Art has been with the institution since 2014 and made valuable contributions within Campus Operations during his short time with us. When recruited, Art was owner/partner of Clark/Kjos Architecture in Portland Oregon. His firm was responsive to many healthcare clients in the northwest interested in Lean Design and improving both customer satisfaction and optimal…