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LexisNexis Practical Guidance®
Straightforward guidance across a range of topics
- Business structures
- Functioning of corporate boards
Maintaining an effective corporate structure
An effective corporate structure hinges on the independence and integrity of the decision-making process and the prevention of conflicts of interest. It requires:
- • providing directors with training in conflict of interests management;
- • meetings between and within corporate group members to be properly recorded;
- • third party interactions must clearly indicate which corporate group member the third party is interacting with; and
- • where necessary, separate company meetings should be held.
See Maintaining an effective corporate structure.