The Gray Zone

Published: July 28, 2014, midnight

Boards make all kinds of decisions, and most of the time it’s pretty clear what is legal and what is not. But some activities cross into the gray zone – not really illegal, but not a good place to be, either. Dennis Greenstein of Seyfarth Shaw and Marc Landis of Phillips Nizer mark the boundaries of this zone and come up with the ultimate solution to avoiding it.