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1 Bus. L. Memo 1 (1980-1981)

handle is hein.journals/buslwme1 and id is 1 raw text is: Volume 1 Number 1                                                                     September 1980

From the Section Chairman ..

Inside. o ..

I am pleased to address our Section members in this first
issue of our Newsletter.  The Business Law Memo is a major
milestone in our Section's history. I would like to commend those
who have brought it about, notably David Nelson, who chaired the
Committee that formulated the concept; Henry Wheeler, who, as
Secretary of the Section, developed the editorial format and
logistics; and John Stoddart, who, as Chairman of the Section,
encouraged its publication in countless ways.
The Honolulu meeting was remarkably successful.      Our
committee meetings and programs were very well attended despite
the temptations of beach and sun.
The Section and its committees look forward to an out-
standing year. Committee meetings in Honolulu confirmed that
members are hard working, enthusiastic and dedicated. We have a
dozen new, well-qualified Committee Chairmen in accordance with
the Section policy of rotating Chairmen who are veterans of five
or more years. The Section owes a large debt to the retiring
Chairmen.
To assist the work of the Committee Chairmen, I have
appointed the second, third and fourth year Council members to
serve as liaisons to designated committees. The liaisons are in no
way intended to diminish the role of Chairmen, but to help them.
I have asked the Section Council to consider changing the
name of the Section to something briefer and more indicative of
our present activities. The Corporation and Business Law Section
and the Business Law Section have been suggested. Support for
the latter was perhaps hinted during the Section meetings in
Honolulu when several speakers referred to the Business Law
Section. The Section membership will have the final word on the
proposed name change, perhaps at next year's annual meeting in
New Orleans.
An Ad Hoc Committee on Reports by Management has been
organized to monitor and assist in the private sector's response to
the SEC's challenge in withdrawing its proposal to mandate
management reports on internal controls and auditor comment on
them.
The Section's spring meeting will be held at the Fairmont
Hotel in San Francisco on March 27, 28 and 29.   This location
change from Washington and Williamsburg is designed to encourage
\,participation by members in the West. All Section members are
welcome to attend, and I hope we will have a sizable turnout.
Finally, I would like to remark on John Stoddart's great
leadership as Section Chairman during the past year.   In his
characteristically quiet way, he led the Section extremely well in
many initiatives. All of us are deeply in his debt.
The quality of past leadership assures that this will be a very
successful year for the Section. I look forward to working with all
of you to perpetuate our tradition of achievement.
A. A. Sommer, Jr.
Washington, DC

   Highlights of the Council
Meeting in Honolulu
appear on Page 2.
   SEC changes corporate
disclosure requirements.
Page 2.
*   Amendments adopted to
the indemnification
provisions of the Model
Business Corporation Act.
Page 3.
   Status of legislative
developments related to
privacy summarized.
Page 3.
   Controversial elements of
the proposed Model Rules
of Professional Conduct
analyzed. Page 5.
   Spotlight on Section
Committees. Page 7.
   Upcoming Section
Activities. Page 8.
   New Section Officers.
Page 8.

SECTION OF
CORPORATION,
BANKING AND
BUSINESS LAW

I/L

Volume I Number I

September 1980

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