Robert Henrichs was elected the chairman of the board of Chugach Alaska Corp. During his term, Henrichs
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Robert Henrichs was elected the chairman of the board of Chugach Alaska Corp. During his term, Henrichs held board meetings with only his supporters present. He also refused to follow bylaws that required a special meeting of shareholders on a certain matter and acted without board discussion or approval. In addition, he ignored board rules in the conduct of meetings and retaliated against directors who challenged his decisions by excluding them from the board. Do these acts fall under the business judgment rule? Do they constitute a breach of ethics? Discuss. [Henrichs v. Chugach Alaska Corp., 250 P.3d 531 (Alaska 2011)
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Business Law Text and Exercises
ISBN: 978-1305509603
8th edition
Authors: Roger LeRoy Miller, William E. Hollowell
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