Corporate Compliance and Governance Blog

Celebrate Earth Day (April 22) with CSC by attending a free Web seminar that will highlight ways for your company to reduce its environmental impact while reducing cost at the same time.

Using her firm's Legally Green initiative as a case study, special guest Carolyn Kaplan, Counsel and Chief Sustainability Officer for Nixon Peabody LLP, will present.
Ms. Kaplan will explore case studies of legal departments “going green” and highlight sustainability guidelines that have been developed by the American Bar Association (ABA) and various state bar associations.

Bettina L. Riveros, an Attorney and Director of Product Development for CSC, will also present.
Ms. Riveros will discuss the innovative ways companies can cut costs by managing their litigation and service of process, legal invoices, deals, transactional orders, and entity information - all while eliminating or greatly reducing paper usage.

Register today for this free seminar.

Banet, et al. v. Fonds de Régulation et de Controle Café Cacao, et al., C.A. No.3742-CC, Chandler, C. (Del. Ch. Feb. 18, 2009).

Plaintiffs moved for summary judgment on their request for appointment of a receiver for the New York Chocolate and Confections Company, Inc. (NYCCC). The Court of Chancery denied the motion, holding that the Plaintiffs failed to prove that NYCCC was insolvent because NYCCC maintained a positive assets-to-liabilities ratio and was backed by an Ivory Coast government agency that practically guaranteed forthcoming financial support. As such, appointment of a receiver was denied because NYCCC did not face an “imminent threat of great loss”.

Continue reading "Recent Corporate and Alternative Entity Decisions from the Delaware Courts" »

Continue reading " Recent Corporate and Alternative Entity Decisions from the Delaware Courts " »

E-file your Florida Annual Report Today

Florida Entities must file their 2008 annual reports electronically on or before May 1, 2009. CSC offers an enhanced Florida E-Filing system to our Registered Agent customers:

* File reports and pay taxes for your Corporations, LPs, LLCs, and Not-for-Profits
* Access FL entity information already on file with CSC
* Prepare and file multiple annual reports simultaneously
* Pay using any one of our 4 easy payment options – electronic check (ACH), credit card,
check, or wire transfer

Start today by logging into www.cscglobal.com and selecting the Florida E-Filing link, or call 866.869.9385 for more information.

A variety of federal and state laws require the appointment of a registered agent. CSC can serve as your agent under the laws listed below and many others. If you have a need to appoint a special or contract agent or have any questions, please email or call us at 800.927.9801 Ext. 3678 for assistance.

USA Patriot Act Certifications
State Insurance Commissions
Motor Carrier Process Agent
Securities and Exchange Act
State Financial, Regulatory, and Licensing Divisions
Public Utility Commissions
Worker’s Compensation Administrations
Environmental Agencies
DCMA

Companies increasingly choose CSC when they need special representation to complete and monitor a transaction. Transactions such as loan agreements, shareholder agreements, merger agreements, leases or contracts often require an experienced agent to forward notices and other documents according to special instructions. Don’t trust your important deals and transactions to less experienced agents. Choose a company whose expertise and commitment to customer service leads the industry.

For more information about how CSC can help you with contract representations, please email us or call us at 800.927.9801 Ext. 3678.

Implementing a Contract Management System to Reduce Your Risks and Costs

Contract management has become a critical component in many companies’ compliance and risk management programs. According to industry experts, a typical Fortune 1000 company manages between 20,000 and 40,000 contracts a year. Each of these contracts contains dissimilar terms, requirements, and commitments. As a result, companies find that is valuable to implement an electronic contract management system and process for managing contracts from formation to termination, including tracking the various deadlines and ensuring that obligations are fulfilled. For this reason, many companies are evaluating how to best manage their contracts.

So where do you begin? A good starting place in evaluating your contract management needs is to understand and evaluate how you currently handle contracts. First, identify the process you use to initiate contractual negotiations and the person who manages the process. Other questions to consider include: What happens when someone needs a contract? How is the request for a contract handled? How do you interact with your business units to handle their contracting needs? As part of this evaluation, you will need to determine what kind of contracts you are managing. For example, do you have your own standard contracts, are you writing your contracts from scratch, or are you utilizing the other parties’ contracts? After you understand what process you are using, gather the necessary stakeholders to determine if this process provides you with the necessary risk and compliance protection your company needs. It may be that you are satisfied with your existing process. However, if your contract management process is inadequate or wasteful, assessing its current condition will provide justification for developing a more efficient one with the assistance of an outside service provider.

Continue reading " Do You Need A Contract Management System? " »