Proposed amendments to Nevada corporate governance law

A bill introduced in the Nevada State Legislature — AB 239 — proposes changes to section NRS 78.135, which governs the activities of corporate boards of directors.

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The amendments would require that directors’ decisions be made not only in good faith but also on an informed basis. This wording increases the responsibility of management and implies that, before making decisions, board members must conduct the necessary analysis, consider relevant data, and assess risks.

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The initiative aims to raise corporate governance standards and strengthen investor confidence in companies incorporated in Nevada. If passed, the new requirements would become mandatory for all corporations operating within the state’s jurisdiction.

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By contacting us, you will receive:

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• Consulting on business registration and operations in Nevada, including analysis of the state’s corporate and tax advantages;
• Advice on tax planning and optimization in accordance with U.S. federal and state legislation;
• Support in corporate governance, including the development of internal policies, procedures, and structures;
• Assessment of Nevada’s investment climate and identification of promising areas for growth and investment;
• End-to-end support for launching a business in the U.S., including document preparation, government interactions, and setting up a company’s legal function.