Related Practices
Delaware Legislature Approves Important Amendments to the Delaware General Corporation Law
July 10, 2009
The Delaware legislature approved amendments to the Delaware General Corporation Law in a response to ongoing corporate governance concerns but that do not sacrifice the touchstone of Delaware corporate law – private ordering. These amendments touch five primary areas of law: (1) stockholder proxy access; (2) stockholder proxy expense reimbursement; (3) record dates for those entitled to vote at stockholder meetings; (4) director removal by the Court of Chancery; and (5) indemnification and advancement rights.