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Cassano Corporation has a 12-member board of directors, which includes Vincent Cassidy as a director. Vincent Cassidy has his own corporation which offered to supply
Cassano Corporation has a 12-member board of directors, which includes Vincent Cassidy as a director. Vincent Cassidy has his own corporation which offered to supply materials to Cassano Corporation. In the board meeting of Cassano Corporation to approve the offer of Vincent Cassidys corporation, there were seven (7) directors in attendance, which included Vincent Cassidy. Since there is a quorum, Cassano Corporations board of directors may validly approve the supply agreement with Vincent Cassidys corporation.
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