Connecticut Board of Directors Confidentiality Policy

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Multi-State
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US-1060BG
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Board members have limits on how they can share information and with whom they may share it. Maintaining confidentiality means that board members must maintain the confidentiality of any personal or sensitive information they acquire during their service to the board. Board members are in a fiduciary relationship with the corporation. This means that they are obliged to act honestly and in good faith in respect of the corporation. The obligation has many components, including a duty to avoid conflicts of interest and a duty to avoid abusing their position to gain personal benefit. One component of board members' fiduciary obligation is a duty to maintain the confidentiality of information that they acquire by virtue of their position.
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Gifts Between State Employees There is a monetary limit of $99.99 for gifts between a public official or state employee and his or her supervisor or subordinate. This limit is a per-gift ? not a per-year ? amount. Individuals subject to this limit may still make use of the major-life-event exception.

Section 33-920. - Authority to transact business required. (a) A foreign corporation, other than an insurance, surety or indemnity company, may not transact business in this state until it obtains a certificate of authority from the Secretary of the State.

Under Connecticut law, corporations (both stock and nonstock), limited partnerships, limited liability companies, limited liability partnerships and statutory trusts formed outside of Connecticut must obtain a certificate of authority from the Secretary of the State and pay a statutory fee before transacting business ...

1-82a. Confidentiality of complaints, evaluations of possible violations and investigations. Publication of findings.

Primary tabs. Interstate commerce is the general term for transacting or transportation of products, services, or money across state borders. Article I section 8 clause of the U.S. Constitution, the commerce clause, grants Congress the power to ?regulate commerce. . .

Provisions of General Application § 1-101qq. State ethics law summary provided to persons seeking large state construction or procurement contract. Affirmation of receipt. Summary and affirmation re subcontractors and consultants.

In Connecticut, there is a five-year time limit for the filing of crimes that carry a punishment of imprisonment for more than one year. Most other crimes, with some notable exceptions, have a one-year deadline. Murder and other Class A felonies, meanwhile, have no statute of limitations.

Breach Of Contract The statute of limitations for breach of a written contract is six years from the act or occurrence complained of (CGS § 52-576).

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Connecticut Board of Directors Confidentiality Policy