Chief Executive Legal Guide Features


Your Legal Guide includes:

  • Over 350 pages of concise legal explanations, case studies, checklists and action plans, which clarify the issues and steps to take to mitigate legal risk and validate preventative measures
  • 11 tabbed chapter headings helps organize each section for convenient access as issues arise
  • Each risk section contains plain English breakdowns of:
    • What’s at stake
    • A concise Legal Briefing
    • A CEO Action plan and additional resources
  • Case studies of recent legal rulings illustrate risks, liabilities and penalties
  • Dozens of diagrams, charts and sample forms and questionnaires  illustrate the risk, and action steps for protective measures

Chief Executive Legal Guide-Table of Contents


Introduction: Why the Chief Executive Legal Guide and Why Now....................... xv

1. WHITE COLLAR CRIMINAL LAW................................................................................... 1-1

Introduction............................................................................................................. 1-3

PART I. CRIMINAL INVESTIGATION & PROSECUTION...................................................... 1-5

A. WHAT IS AT STAKE............................................................................................................................................. 1-5

B. ANATOMY OF A WHITE COLLAR CRIMINAL PROSECUTION.............................................................. 1-5

C. CEO ACTION PLAN............................................................................................................................................ 1-8

PART II. PERSONAL CRIMINAL LIABILITY OF CEOS........................................................ 1-10

A. WHAT IS AT STAKE........................................................................................................................................... 1-10

B. THE VARIOUS MEANS THROUGH WHICH A CEO CAN BE PERSONALLY LIABLE
FOR CRIMINAL VIOLATIONS.................................................................................................................... 1-10

The Corporate Veil May Not Protect You ......................................................................................... 1-11

Accomplice Liability And Willful Blindness .................................................................................... 1-11

Execution of Certifications ..................................................................................................................... 1-12

Responsible Corporate Officer .............................................................................................................. 1-12

C. CEO ACTION PLAN.......................................................................................................................................... 1-13

PART III. SECURITIES FRAUD........................................................................................ 1-14

A. WHAT IS AT STAKE........................................................................................................................................... 1-14

B. LEGAL BRIEFING................................................................................................................................................ 1-14

Securities Fraud Based on False or Misleading Statements ..................................................... 1-15

Civil and Criminal Remedies for Securities Fraud ....................................................................... 1-17

Securities Fraud Based on Insider Trading Allegations ............................................................. 1-17

C. CEO ACTION PLAN.......................................................................................................................................... 1-18

PART IV. FOREIGN CORRUPT PRACTICES ACT............................................................... 1-20

A. WHAT IS AT STAKE........................................................................................................................................... 1-20

B. LEGAL BRIEFING................................................................................................................................................ 1-20

Select Defenses to FCPA Liability......................................................................................................... 1-22

C. FCPA RISK ASSESSMENT............................................................................................................................... 1-22

Risk #1: Willful Blindness....................................................................................................................... 1-22

Risk #2: Third-Party Agents................................................................................................................... 1-23

Risk #3:  Government-Owned Businesses......................................................................................... 1-23

Risk #4:  Foreign Subsidiaries............................................................................................................... 1-23

Risk #5:  Successor Liability .................................................................................................................. 1-24

Risk #6:  Joint Ventures............................................................................................................................ 1-24

Risk #7:  Global Anti-Corruption Enforcement............................................................................... 1-24

D. CEO ACTION PLAN......................................................................................................................................... 1-24

Compliance Programs............................................................................................................................... 1-25

Monitoring..................................................................................................................................................... 1-25

Consider Voluntary Self-Disclosure..................................................................................................... 1-25

PART V. DATA PRIVACY............................................................................................... 1-26

A. WHAT IS AT STAKE........................................................................................................................................... 1-26

B. LEGAL BRIEFING................................................................................................................................................ 1-27

Data Transfer Regulations...................................................................................................................... 1-28

Blocking Statutes......................................................................................................................................... 1-29

Data Protection Laws................................................................................................................................. 1-29

Monitoring Laws.......................................................................................................................................... 1-32

Data Mining Laws........................................................................................................................................ 1-32

Data Breach Laws........................................................................................................................................ 1-33

C. CEO ACTION PLAN.......................................................................................................................................... 1-34

Immediate Action Plan............................................................................................................................. 1-34

Ongoing and Unscheduled Action Plan............................................................................................... 1-34

Annual Action Plan..................................................................................................................................... 1-35

D. BOTTOM LINE................................................................................................................................................... 1-35

PART VI. ADDITIONAL RESOURCES.............................................................................. 1-36

A. General White Collar Criminal Defense Resources......................................................... 1-36

B. Securities Fraud Resources................................................................................................................. 1-36

C. Foreign Corrupt Practices Act Resources............................................................................... 1-37

D. Data Privacy Resources........................................................................................................................ 1-37

2. EMPLOYMENT & LABOR ............................................................................................... 2-1

Part I. Employment Discrimination........................................................................ 2-3

A. What Is at Stake............................................................................................................................................. 2-3

B. Overview of Key Legal Issues................................................................................................................. 2-3

C. CEO Hot Topics................................................................................................................................................ 2-4

D. CEO Action Plan............................................................................................................................................ 2-5

Part II. HARASSMENT IN THE WORKPLACE................................................................... 2-7

A. What Is at Stake............................................................................................................................................. 2-7

B. Overview of Key Legal Issues................................................................................................................. 2-7

What Is Harassment?................................................................................................................................... 2-7

Employer Liability for Unlawful Harassment................................................................................... 2-8

Types of Conduct that May be Found to be Harassment................................................................. 2-9

C. CEO Hot Topics................................................................................................................................................ 2-9

D. CEO Action Plan......................................................................................................................................... 2-10

Part III. Whistleblowing and retaliation........................................................... 2-12

A. What Is at Stake........................................................................................................................................... 2-12

B. Overview of Key Legal Issues.............................................................................................................. 2-12

C. CEO Hot Topics............................................................................................................................................. 2-13

D. CEO Action Plan......................................................................................................................................... 2-14

Part IV. Employee privacy...................................................................................... 2-15

A. What Is at Stake........................................................................................................................................... 2-15

B. Overview of Key Legal Issues.............................................................................................................. 2-15

C. CEO Hot Topics............................................................................................................................................. 2-16

D. CEO Action Plan......................................................................................................................................... 2-17

Part V. wage and hour........................................................................................... 2-18

A. What Is at Stake........................................................................................................................................... 2-18

B. Overview of Key Legal Issues.............................................................................................................. 2-18

Which Law Applies?................................................................................................................................... 2-18

Independent Contractor or Employee?............................................................................................... 2-18

How Broad Is the Definition of an Employer?................................................................................. 2-19

Is the Employment Relationship at Issue Exempt?....................................................................... 2-19

C. CEO Hot Topics............................................................................................................................................. 2-22

D. CEO Action Plan......................................................................................................................................... 2-22

Conduct a Wage & Hour Audit................................................................................................................ 2-22

Part VI. collective bargaining and unions......................................................... 2-23

A. What Is at Stake........................................................................................................................................... 2-23

B. Overview of Key Legal Issues.............................................................................................................. 2-23

Who Is Covered?.......................................................................................................................................... 2-23

What are the Employee’s Rights?......................................................................................................... 2-23

What Are the Employer’s and the Union’s Rights and Obligations?........................................ 2-24

Union Organizing, Petitioning, and Elections.................................................................................. 2-25

The Bargaining Process........................................................................................................................... 2-27

Good Faith ..................................................................................................................................................... 2-27

C. CEO Hot Topics............................................................................................................................................. 2-28

D. CEO Action Plan......................................................................................................................................... 2-28

Part VII. RETURN TO WORK........................................................................................ 2-29

A. What Is at Stake........................................................................................................................................... 2-29

B. Overview of Key Legal Issues.............................................................................................................. 2-29

C. CEO Hot Topics............................................................................................................................................. 2-30

D. CEO Action Plan......................................................................................................................................... 2-31

3. WORKPLACE HEALTH AND SAFETY............................................................................. 3-1

WORKPLACE health AND SAFETY................................................................................................................ 3-3

I. What Is at Stake............................................................................................................................................... 3-3

II. Overview of Key Legal Issues................................................................................................................. 3-3

A. Introduction................................................................................................................................................. 3-3

B. OSHA Standards........................................................................................................................................ 3-4

C. OSHA and Employer Inspections........................................................................................................ 3-5

D. The Types of OSHA Violations............................................................................................................ 3-7

E. The Contest Process, Hearing and Appeal...................................................................................... 3-8

F. Personal Liability for OSHA Violations........................................................................................... 3-8

G. Criminal Liability..................................................................................................................................... 3-8

H. Record-Keeping Requirements.......................................................................................................... 3-9

I. Occupational Safety & Health Training Requirements............................................................ 3-12

III. CEO Hot Topics............................................................................................................................................. 3-15

IV. CEO Action Plan......................................................................................................................................... 3-16

HEALTH CARE BENEFITS Introduction........................................................................ 4-i

How This Chapter Helps CEOs Deal with Health care Law and Benefits.................... 4-i

Special Supplement: Health Care Reform Implementation & Planning...................... 4-ii

How to Get the Most Value Out of the Health Care Coverage....................................... 4-ii

4. HEALTH CARE BENEFITS.............................................................................................. 4-1

INTRODUCTION............................................................................................................. 4-3

A. What This Chapter Does and Does Not Concern................................................................. 4-3

B. “Employer” and “Employee”................................................................................................................... 4-4

1. Who is the employer?  ............................................................................................................................ 4-4

2. Who is an employee?............................................................................................................................... 4-5

C. The Financial Side of Health Insurance..................................................................................... 4-5

1. “Fully-Insured” and “Self-Funded”..................................................................................................... 4-5

2. Taxes.............................................................................................................................................................. 4-6

Part I. HEALTH CARE REFORM—THE EMPLOYER MANDATE......................................... 4-7

A. What Is at Stake............................................................................................................................................. 4-7

B. Legal Briefing................................................................................................................................................... 4-7

1. The Big Picture.......................................................................................................................................... 4-7

2. Affected Employers.................................................................................................................................. 4-8

3. The Maximum Penalty  ......................................................................................................................... 4-8

4. The Alternate Penalty............................................................................................................................. 4-9

C. CEO Action Plan............................................................................................................................................ 4-9

Part II. HEALTH CARE REFORM—THE REST OF THE STORY......................................... 4-11

A. What Is At Stake........................................................................................................................................... 4-11

B. Legal Briefing................................................................................................................................................ 4-11

C. CEO Action Plan.......................................................................................................................................... 4-12

Part III. health savings accounts AND HIGHDEDUCTIBLE HEALTH PLANS......... 4-13

A. What Is at Stake........................................................................................................................................... 4-13

B. Legal Briefing................................................................................................................................................ 4-13

1. HSAs ............................................................................................................................................................ 4-13

2. HDHPs......................................................................................................................................................... 4-15

C. CEO Action Plan.......................................................................................................................................... 4-15

Part IV. COBRA........................................................................................................... 4-17

A. What Is at Stake........................................................................................................................................... 4-17

B. Legal Briefing................................................................................................................................................ 4-17

C. CEO Action Plan.......................................................................................................................................... 4-18

Part V. nondiscrimination.................................................................................... 4-19

A. What Is at Stake........................................................................................................................................... 4-19

B. Legal Briefing................................................................................................................................................ 4-19

C. CEO Action Plan.......................................................................................................................................... 4-20

Part VI. hipaa privacy and security...................................................................... 4-22

A. What Is at Stake........................................................................................................................................... 4-22

1. Audits and Complaints.......................................................................................................................... 4-22

2. Civil Money Penalties........................................................................................................................... 4-22

3. Criminal Penalties................................................................................................................................. 4-23

4. Civil Suits by Individuals..................................................................................................................... 4-23

B. Legal Briefing................................................................................................................................................ 4-23

1. The Big Picture........................................................................................................................................ 4-23

2. Key Concepts............................................................................................................................................. 4-23

3. Compliance Highlights......................................................................................................................... 4-24

C. CEO Action Plan.......................................................................................................................................... 4-25

Part VII. RETIREE HEALTH Plans................................................................................ 4-26

A. What Is At Stake........................................................................................................................................... 4-26

B. Legal Briefing................................................................................................................................................ 4-26

C. CEO Action Plan.......................................................................................................................................... 4-26

Part VIII. REPORTING AND DISCLOSURE..................................................................... 4-28

A. What Is at Stake........................................................................................................................................... 4-28

B. Legal Briefing................................................................................................................................................ 4-28

C. CEO Action Plan.......................................................................................................................................... 4-30

Special Supplement HEALTH CARE REFORM
IMPLEMENTATION AND PLANNING.................................................................. SUPP-1

Introduction and Background....................................................................... SUPP-3

Part I. Key aca rules ........................................................................................... SUPP-5

A. Extension of Dependent Child Coverage up to Age 26 ............................................ SUPP-5

B. No Rescission of Coverage ........................................................................................................... SUPP-6

C. Elimination of Lifetime Dollar Limits on Essential Benefits ............................... SUPP-7

D. Elimination of Annual Limits on Essential Health Benefits .............................. SUPP-8

E. Pre-existing Condition Exclusion ........................................................................................... SUPP-9

F. Nondiscrimination Under Section 105(h) ........................................................................ SUPP-10

G. Revised Internal and External Appeals Process ....................................................... SUPP-11

H. Automatic Enrollment ............................................................................................................... SUPP-14

I. HSA/Archer MSA Penalty Tax Increase  ................................................................................ SUPP-14

J. OTC Drug Limits and Changes to the Medical Expense Deduction................ SUPP-15

K. FSA Cap ....................................................................................................................................................... SUPP-15

L. W-2 and Other Reporting ............................................................................................................. SUPP-15

M. High Income Earner Taxes.......................................................................................................... SUPP-19

N. Exchange Notification................................................................................................................. SUPP-20

O. New Summary of Benefits Notice........................................................................................... SUPP-20

P. Employer-Provided Coverage Mandate (Play-or-Pay)............................................. SUPP-21

Q. Miscellaneous Provisions, Including Those Effective in 2013/2014............. SUPP-24

R. Tax on High-Cost Employer-Sponsored Coverage (Cadillac Tax)................. SUPP-26

Part II. Big Picture strategies and the potential downside.................... SUPP-29

A. Active Employees—Deciding Whether to Play or Pay ............................................ SUPP-29

B. Active Employees—Avoiding the Penalty—Workforce Realignment......... SUPP-30

C. Avoiding ACA: Retiree Only Plans........................................................................................... SUPP-31

D. Taking Advantage of the Exchanges: Retiree Medical Exit Strategy.......... SUPP-32

Part III. new remedies beyond the benefit promised:
ACA Whistleblower Protections............................................................. SUPP-34

Part IV. Conclusion........................................................................................... SUPP-36

5. INTELLECTUAL PROPERTY LAW................................................................................... 5-1

WHAT Is AT STAKE........................................................................................................ 5-3

PART I. ACTION PLAN FOR CEOs.................................................................................... 5-5

HOW TO USE THIS ACTION PLAN..................................................................................................................... 5-5

PHASE 1: BASELINE ASSESSMENT.................................................................................................................... 5-6

Is Your Company’s IP Strategy Properly Aligned With Its Business Strategy for Creating
IP Assets of Value and Managing IP Risk? ................................................................................. 5-6

PHASE 2: PROGRAM REVIEW IN RESPONSE TO UNSCHEDULED TRIGGERS..................................... 5-7

Does Your Company’s IP Program Require Adjustment? ............................................................. 5-7

PHASE 3: ANNUAL PROGRAM REVIEW............................................................................................................ 5-8

Is Your Company’s IP Program Effective? .......................................................................................... 5-8

PART II. LEGAL BRIEFING................................................................................................ 5-9

Patents .................................................................................................................................................................... 5-9

Trade Secrets....................................................................................................................................................... 5-9

Copyrights........................................................................................................................................................... 5-10

Trademarks ........................................................................................................................................................ 5-10

IP-Related Agreements................................................................................................................................ 5-11

IP Strategy Must Match the Company’s Business Strategy
(and protect the products stemming from that strategy).................................. 5-12

Most Common IP Issues that Can Harm an IP Strategy........................................................ 5-15

Common Patent Asset Issues.................................................................................................................. 5-15

Common Trade Secret Issues ................................................................................................................ 5-16

Common Copyright Issues........................................................................................................................ 5-18

Common Trademark Issues.................................................................................................................... 5-18

Common IP Licensing Issues................................................................................................................... 5-19

General IP Issues......................................................................................................................................... 5-21

PART III. WHAT TO DO................................................................................................. 5-22

1. IP Program Implementation: Generate or Revise Procedures
to Implement IP Strategy.................................................................................................................. 5-22

2. OVERSEEING THE IP PROGRAM................................................................................................................... 5-23

Annual Program Review.......................................................................................................................... 5-24

THE BOTTOM LINE............................................................................................................................................... 5-25

PART IV. CASE STUDIES............................................................................................... 5-26

PART V. TOOLS & RESOURCES..................................................................................... 5-27

A. MATERIALS FOR YOUR HEAD OF IP.......................................................................................................... 5-27

Invention Disclosure Form...................................................................................................................... 5-27

B: Resource at the U.S. Patent and Trademark Office’s website
for conducting patent searches: ........................................................................................... 5-33

C: Resource at the U.S. Patent and Trademark Office’s website
for conducting trademark searches: .................................................................................. 5-33

D: Resource at the U.S. Copyright Office’s website
for researching copyright questions, such as what qualifies
as a proper copyright notice: ...................................................................................................... 5-33

E: Discussion of what is a patent troll at the Patently-O blog.................................. 5-33

F: Illustration of how an IP leakage situation could arise.  ......................................... 5-33

G. LAWS & PRIMARY SOURCE MATERIALS................................................................................................... 5-35

6. CORPORATE LAW......................................................................................................... 6-1

Part I. Personal Liability of Officers and Directors......................................... 6-3

WHAT IS AT STAKE.................................................................................................................................................. 6-3

Directors’ Fiduciary Duties........................................................................................................................ 6-3

Officers’ Fiduciary Duties........................................................................................................................... 6-5

Liability for Unlawful Distributions....................................................................................................... 6-7

Transactions in Public Company Stock and Section 16 of the Securities
Exchange Act of 1934.......................................................................................................................... 6-7

ADDITIONAL RESOURCES.................................................................................................................................... 6-9

Part II. Securities Laws Basics for Public and Private Companies.................. 6-11

What Is at Stake................................................................................................................................................ 6-11

Private Placements.................................................................................................................................... 6-11

Public Company Reporting and Certifications................................................................................. 6-14

Sales of Public Shares by Directors and Officers............................................................................ 6-17

Insider Trading............................................................................................................................................ 6-19

Part III. Corporate Governance............................................................................ 6-22

What Is at Stake................................................................................................................................................ 6-22

Financial Reporting Oversight............................................................................................................... 6-22

Shareholder Influence and Engagement........................................................................................... 6-23

Succession Planning................................................................................................................................... 6-25

ADDITIONAL RESOURCES................................................................................................................................. 6-28

Part IV. Mergers and Acquisitions....................................................................... 6-29

What Is at Stake................................................................................................................................................ 6-29

Marketing and Preliminary Negotiation.......................................................................................... 6-29

Letter of Intent.............................................................................................................................................. 6-30

Diligence......................................................................................................................................................... 6-31

Acquisition Agreement............................................................................................................................. 6-31

Post-Signing Period Through Closing................................................................................................. 6-35

Attorney-Client Privilege in Transaction Context......................................................................... 6-35

7. ENVIRONMENTAL LAW................................................................................................ 7-1

Introduction............................................................................................................. 7-3

Part I. Environmental Due Diligence..................................................................... 7-5

A. What is at Stake............................................................................................................................................. 7-5

B. Evaluation of Potential Site Contamination......................................................................... 7-5

C. Evaluation of Off-Site Liability.......................................................................................................... 7-6

D. Issues Associated with Operating Companies......................................................................... 7-6

E. CEO Action Plan............................................................................................................................................. 7-7

Part II. The Comprehensive Environmental Response, Compensation
and Liability Act.................................................................................................. 7-8

A. What is at Stake............................................................................................................................................. 7-8

B. legal briefing................................................................................................................................................... 7-8

C. CEO Action PLan............................................................................................................................................ 7-9

Part III. Resource Conservation and Recovery Act.......................................... 7-10

A. What is at Stake........................................................................................................................................... 7-10

B. Legal Briefing................................................................................................................................................ 7-10

C. CEO Action Plan.......................................................................................................................................... 7-11

Part IV. Clean Air Act............................................................................................... 7-12

A. What is at Stake........................................................................................................................................... 7-12

B. Legal Briefing................................................................................................................................................ 7-12

National Ambient Air Quality Standards and State Implementation Plans........................ 7-12

Prevention of Significant Deterioration and New Source Review.......................................... 7-13

New Source Performance Standards.................................................................................................. 7-14

Title V Operating Permits....................................................................................................................... 7-14

The Acid Rain Program............................................................................................................................ 7-14

The Cross-State Air Pollution Rule...................................................................................................... 7-14

Hazardous Air Pollutants........................................................................................................................ 7-15

Greenhouse Gas Reporting...................................................................................................................... 7-15

C. CEO Action Plan.......................................................................................................................................... 7-15

Part V. Clean Water Act......................................................................................... 7-16

A. What is at Stake........................................................................................................................................... 7-16

B. legal briefing................................................................................................................................................ 7-16

C. CEO Action Plan.......................................................................................................................................... 7-17

Part VI. SEC Disclosure Obligations.................................................................... 7-18

Environmental CEO Action Plan Overview........................................................ 7-19

Additional Resources:................................................................................................................................ 7-19

8. COMMERCIAL AND TRANSACTIONAL LAW................................................................. 8-1

WHAT Is at Stake........................................................................................................ 8-3

PART I. LEGAL BRIEFING................................................................................................. 8-6

A. Contract Law................................................................................................................................................. 8-6

Contracts for Services.................................................................................................................................. 8-7

Writings.......................................................................................................................................................... 8-11

Contracts v. Negotiations......................................................................................................................... 8-15

Waiver and Modification......................................................................................................................... 8-16

Verbal Modifications................................................................................................................................. 8-18

Trade Usage.................................................................................................................................................. 8-18

Arbitration Clauses..................................................................................................................................... 8-19

Choice of Law................................................................................................................................................ 8-21

Domestic Sales of Goods........................................................................................................................... 8-21

International Sales of Goods................................................................................................................... 8-23

Leases of Goods............................................................................................................................................ 8-24

B. LAW OF PAYMENTS......................................................................................................................................... 8-24

Uniform Commercial Code...................................................................................................................... 8-25

Other Laws..................................................................................................................................................... 8-26

C. REAL ESTATE...................................................................................................................................................... 8-28

Property Rights............................................................................................................................................ 8-29

Zoning Codes................................................................................................................................................. 8-29

Building Codes.............................................................................................................................................. 8-30

Recording Requirements......................................................................................................................... 8-30

Mortgages and Foreclosures.................................................................................................................. 8-31

Mortgage Backed Securities................................................................................................................... 8-31

D. STRUCTURED FINANCE................................................................................................................................. 8-32

Types of Structured Finance Transactions........................................................................................ 8-33

Regulation...................................................................................................................................................... 8-34

E. CONSUMER PROTECTION AND UNFAIR TRADE PRACTICES........................................................... 8-37

Federal Laws................................................................................................................................................. 8-38

Consumer Lending, Credit, and Financial Transaction Protection Laws............................... 8-39

Non-Financial Consumer Protection Laws........................................................................................ 8-43

State Laws...................................................................................................................................................... 8-46

PART II. CEO ACTION PLAN........................................................................................... 8-50

Manage................................................................................................................................................................... 8-52

Invest....................................................................................................................................................................... 8-52

Target...................................................................................................................................................................... 8-52

Include................................................................................................................................................................... 8-53

Grant....................................................................................................................................................................... 8-53

Analyze.................................................................................................................................................................. 8-53

Train......................................................................................................................................................................... 8-54

Evaluate................................................................................................................................................................ 8-54

9. ANTITRUST/CARTEL REGULATION.............................................................................. 9-1

PART I. ANTITRUST/CARTEL REGULATION...................................................................... 9-3

A. WHAT IS AT STAKE............................................................................................................................................. 9-3

What Is at Stake for Individual Executives?....................................................................................... 9-5

B. LEGAL BRIEFING................................................................................................................................................... 9-5

US Cartel Law and Enforcement.............................................................................................................. 9-6

EU Competition Law and Enforcement................................................................................................. 9-6

Determining Whether an Antitrust Violation Has Occurred........................................................ 9-7

Extraterritorial Enforcement of Antitrust Laws............................................................................... 9-7

Leniency Policies........................................................................................................................................... 9-7

Timing Is Critical When Making a Leniency Application............................................................ 9-10

C. CEO ACTION PLAN.......................................................................................................................................... 9-10

PART II. ADDITIONAL RESOURCES............................................................................... 9-13

Antitrust Resources..................................................................................................................................... 9-13

10. CORPORATE TAX IMPLICATIONS OF MERGERS & ACQUISITIONS........................... 10-1

I. WHAT IS AT STAKE............................................................................................................................................. 10-3

II. Acquisitions.................................................................................................................................................... 10-3

A. Public Versus Privately Held Target Corporation .................................................................. 10-3

B. Taxable Acquisitions ........................................................................................................................... 10-4

C. Tax-Free Acquisitive Reorganizations.......................................................................................... 10-8

III. Dispositions and separations........................................................................................................ 10-18

A. Taxable Separations.......................................................................................................................... 10-19

B. Tax-Free Separations........................................................................................................................ 10-19

C. Other Disposition Structures............................................................................................................ 10-26

IV. SPECIAL CONSIDERATIONS..................................................................................................................... 10-27

A. Cross-Border Transactions.............................................................................................................. 10-27

B. Contingent Consideration................................................................................................................. 10-27

C. State and Local Tax Considerations ............................................................................................. 10-27

D. Employee Matters–Golden Parachutes...................................................................................... 10-28

E. Tax Attributes ...................................................................................................................................... 10-28

V. CEO Action Plan....................................................................................................................................... 10-30

VI. Bottom Line................................................................................................................................................ 10-32

11. ESTATE PLANNING FUNDAMENTALS FOR CEOS..................................................... 11-1

PART I. ESTATE PLANNING FUNDAMENTALS............................................................... 11-3

a. WHAT IS AT STAKE........................................................................................................................................... 11-3

B. TAX AND NON-TAX OBJECTIVES.............................................................................................................. 11-3

C. OVERLAP WITH OTHER AREAS................................................................................................................... 11-4

D. THE ESTATE PLANNING PROCESS............................................................................................................ 11-4

PART II. PLANNING FOR DISPOSITION
OF PROPERTY AT DEATH....................................................................................... 11-6

A. WILL VS. REVOCABLE TRUST....................................................................................................................... 11-6

B. NONPROBATE ASSETS................................................................................................................................... 11-7

C. BASIC PROVISIONS OF A WILL OR REVOCABLE TRUST..................................................................... 11-7

PART III. TAX-ORIENTED ESTATE PLANNING................................................................ 11-9

A. OVERVIEW OF FEDERAL ESTATE AND GIFT TAX................................................................................. 11-9

B. STATE DEATH TAXES................................................................................................................................... 11-12

C. TESTAMENTARY PLANNING FOR MARRIED COUPLES TO MINIMIZE ESTATE TAXES........ 11-12

D. LIFETIME PLANNING WITH GIFTS........................................................................................................... 11-14

E. OTHER LIFETIME PLANNING TOOLS...................................................................................................... 11-17

F. CEO ACTION PLAN........................................................................................................................................ 11-18

 

 




Key Topics covered in
this Legal Guide:

  • White Collar Criminal Law – including Financial Fraud and Foreign Corrupt Practices Act
  • Employee Benefits & Health Care
  • Employment and Labor Practices
  • Workplace Health & Safety
  • Intellectual Property
  • Environmental Law
  • Commercial & Transactional Law
  • Mergers & Acquisitions
  • Estate Planning
  • And more…

An Authoritative Resource
Authored by Experts

  • Chadbourne & Parke
  • Gibson Dunn
  • Jones Day
  • McLaughlin & Stern
  • Littler Mendelson
  • Proskauer 
  • Kutak Rock
  • Skadden Arps
  • Shearman & Sterling

CEOs Are Saying

  • “As CEO of a rapidly growing organization, the Chief Executive Legal Guide is now the first resource I turn to when I have a legal question. I check the Guide now before calling the attorney (and having the clock start ticking at $400 per hour). More importantly, it is designed specifically for a CEO, and it keeps me up-to-date on the critical issues I face running my organization."

    R.D. Whitney, Chief Executive Officer, The Institute of Finance and Management
  • “The Chief Executive Legal Guide summarizes what I need to know about real and hyped risk to my business – and me personally.”

    Rob Ransom, Chief Executive Officer, Bongarde Holdings, Inc.