Chapter
The Split Among Bank Boards
03:41 - 07:02 (03:21)
Sources suggest that the bank board is divided and split. However, as long as there is voting disclosure and good faith, having a voting block can be permissible within the board.
Clips
The bank board seems to be split, and corporate formalities need to be followed to operate that board in accordance with the law.
03:41 - 07:02 (03:21)
Banking
Summary
The bank board seems to be split, and corporate formalities need to be followed to operate that board in accordance with the law. As long as there's been full disclosure to the board, and people voted in good faith, there can be a voting block.