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Businesses Subject to OSHA

The Occupational Safety and Health Act (OSHA) applies to most businesses. The Act covers all employers and their employees throughout the United States and its territories either through the Occupational Safety and Health Administration or through a state program approved by the Occupational Safety and Health Administration. However, there are some exemptions from OSHA.

Securities Transfer Agents

Transfer agents track the owners of securities. They also perform several other services for companies with registered and publicly traded securities in the course of tracking the owners of the securities. Transfer agents usually are banks or trust companies, although a company with publicly traded securities may perform transfer agent functions for its own securities.

Director and Officer Liability under OSHA

Employers have a general duty under the Occupational Safety and Health Act (OSHA)1 to provide a workplace free from "recognized" hazards. A violation of this duty can lead to criminal sanctions2 in addition to civil penalties. An employer can also be exposed to liability under occupational safety and health regulations promulgated by the Secretary of the Department of Labor. Directors and high-level executive officers must act to reduce or eliminate workplace dangers or risk OSHA liability.

Business & Corporate Entities> Corporations> Directors & Officers> Compensation & Qualifications

(The Compensation Committee of Independent Directors for

DIRECTOR'S DUTY OF LOYALTY

AN OVERVIEW