The Perks – and Perils – of Virtual Board Meetings (NY)
“Life moves a lot faster than it used to,” notes attorney Stuart Saft, a partner in the firm Holland & Knight, and it’s only natural for boards to look to technology to save them time – and aggravation – when conducting corporation business, especially when board members are on vacation or there’s an emergency requiring immediate board action. Saft says that New York state law governing co-ops allows for virtual board meetings via a conference telephone call – as long as all participants can hear the proceedings. Read the article………….
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