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The new, one-day event will combine the 37th annual HDO conference with the VVC Foundation’s High Desert Economic Summit, usually held in the spring. The conference will focus on marketing the High Desert region for business retention and attraction, while also featuring an economic forecast of the Victor Valley and Inland Empire Region. The is year’s conference will include an economic forecast and educate attendees about the economic future of the High Desert, Inland Empire and state as a whole. Eric Schmidt, president of the Victor Valley College Foundation, and Cari Thomas, president of High Desert Opportunity, collectively agreed the partnership made sense to both organizations, sponsors and the loyal event attendees. Proceeds from the conference will benefit the Victor Valley College Foundation, which provides scholarship and grant opportunities to students at VVC. “We are extremely excited to merge the two events together to bring a revamped High Desert Opportunity and High Desert Economic Summit to the region,” Schmidt said. “Attendees can expect to hear valuable information underlining the significant relationship between educational attainment rates and its impact on economic development,” Funds raised at the summit will “ultimately aim to increase the skilled workforce in the High Desert region,” Schmidt said. The HDO conference has a long history in the area and was formally designed to draw business owners and site scouts from out of the area and introduce them to the benefits of expanding or relocating to the High Desert region. Popular keynote speakers at HDO have included NBA legend Magic Johnson, Inc. Magazine President/Editor-in-Chief Eric Schurenberg and Shark Tank star Barbara Corcoran. In the past, the High Desert Economic Summit has featured economists such as UC Riverside’s Dr.
For the original version including any supplementary images or video, visit http://www.vvdailypress.com/news/20180613/high-desert-opportunity-vvc-foundation-join-forces-with-business-and-economic-summit
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Equal pay campaigners, business and investor groups welcomed the plan. But the TUC said it was "a first step" and even tougher rules were needed. In recent years shareholders have become increasingly vocal over executive pay levels, and have voted against what they see as excessive pay awards, most notably the high sums paid to former WPP boss, Sir Martin Sorrell. But top level remuneration, particularly chief executives, is often linked to the performance of the share price. The new rules, as well as introducing the publication of pay ratios, will also require listed companies to show what effect an increase in share prices will have on executive pay, in order to inform shareholders when voting on long-term incentive plans. The plans, which will be presented to Parliament on Monday, follow concerns that some chief executives have been receiving salaries that are out of step with company performance. Mr Clark said: "Most of the UK's largest companies get their business practices right, but we understand the anger of workers and shareholders when bosses' pay is out of step with company performance." The plans were welcomed by the Investment Association - that represents UK investment managers - as well as business lobby group the CBI and think tank the High Pay Centre. Chris Cummings, chief executive of the Investment Association, said investors wanted greater director accountability and more transparency over executive remuneration. "Investors will expect boards to articulate why the ratio is right for the company and how directors are fulfilling their duties," he said.
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The court quoted the following reasoning for its decision: Despite the corporation’s inability or refusal to act it is entitled to the officer’s undivided loyalty. If the two are competitive, the corporation, while not entitled to a general freedom from competition, is entitled to freedom from competition by those charged with the promotion of its interests. Foley, 21 A.D.2d at 68 (quoting Note, Fiduciary Duty of Officers and Directors Not to Compete with the ธุรกิจขายตรง Corporation, 54 Harv. L. Rev. 1191, 1199 (1941)). In Delaware, an oft-cited jurisdiction in New York for its decisions concerning fiduciary issues, the courts have also expansively interpreted the fiduciary duty owed by directors to not pursue their own self-interest. See, e.g., Thorpe v. CERBCO, Inc., 676 A.2d 436, 445 (Del. 1996) (“Once disloyalty has been established, [Delaware law] require[s] that a fiduciary not profit personally from his conduct, and that the beneficiary not be harmed by such conduct.”).
For the original version including any supplementary images or video, visit https://www.law.com/newyorklawjournal/2018/06/13/justice-cardozos-opinion-in-meinhard-v-salmon-continues-to-reverberate/
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