Related Party Transactions
|12 Months Ended|
Nov. 30, 2019
|Related Party Transactions [Abstract]|
|Related Party Transactions||
NOTE 17 – RELATED PARTY TRANSACTIONS
David Portnoy, the Company’s Chairman and
Co-ChiefExecutive officer, is the brother of the Company’s
Co-ChiefExecutive Officer Mark Portnoy. The Company’s Audit Committee Chairman, Harold Berger, provides accounting services to the Company’s
Co-ChiefExecutive Officer Mark Portnoy and to PartnerCommunity, Inc. The Company’s Chairman and
Co-ChiefExecutive Officer, David Portnoy, serves as the Chairman of the Board of PartnerCommunity, Inc.
On August 2, 2019, the Company entered into mutual releases with each of the
Co-CEOsand certain directors and officers of the Company who received incentive awards that were submitted for ratification at the 2019 Annual Meeting or forfeited in connection therewith. The Company and each counterparty to a mutual release are agreeing, among other things, not to pursue certain claims relating to such ratification and surrenders).
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef