Friendable Inc (FDBL)

[BostonRon]

FRIENDABLE/AUTOMATSKI:

In the current corporate climate, because intellectual property assets tend to comprise a high percentage of a company’s value (especially for technology companies), the management of these assets could very well fall within the ambit of directors’ fiduciary duties.
If a director or a board of directors fails to adequately manage a corporation’s intellectual property assets, they could be deemed to have breached their fiduciary duty to the corporation. Under the business judgment rule, courts will defer to a board’s decision as long as the directors fulfilled their duties to the corporation and their decision was made with a rational basis. If a director fails to act in good faith or acts on an uninformed basis, he or she could face scrutiny. In addition, directors could face scrutiny for wasting valuable corporate assets. A court may find directors breached their duty by not properly managing the corporation’s assets, amounting to waste.

Better be a relationship is all I can say.