News & Analysis as of

D&O Insurance Corporate Governance Delaware General Corporation Law

Woodruff Sawyer

The ABCs of Corporate Law: Reforming Section 220 Demands

Woodruff Sawyer on

For many years, plaintiffs’ lawyers have used Section 220 requests to harass Delaware corporations. Typically, books and records demands are intrusive and annoying—and nothing more. However, in some cases, plaintiffs have...more

Woodruff Sawyer

New Protection for Corporate Officers: Delaware Exculpation

Woodruff Sawyer on

It’s a banner year for Delaware corporations when it comes to protecting their directors and officers. Earlier this year, the Delaware legislature took steps that will allow captives to become a more viable alternative to...more

Skadden, Arps, Slate, Meagher & Flom LLP

Delaware General Corporation Law Amended To Authorize Use of Captive Insurance for D&O Coverage

On February 7, 2022, Delaware’s governor signed a bill amending the Delaware General Corporation Law (DGCL) to expressly authorize Delaware corporations to purchase and maintain directors’ and officers’ (D&O) liability...more

Mintz Edge

CAUTION: Director Veto Rights in Financing Documents May Constitute “Disproportionate Voting”

Mintz Edge on

Section 141(d) of the Delaware General Corporations Law (DGCL) allows the certificate of incorporation (COI) of a Delaware corporation to confer upon one or more directors voting powers greater than or less than those of...more

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