Wachtell Lipton's "Directors' Notes: A Trap for the Unwary?" provides a sobering but important reminder of the potential significant exposures associated with anything less than a comprehensive, consistently-applied and "full compliance" retention and destruction policy for directors' notes, draft minutes, and other board materials and documentation. The memo addresses pitfalls and suggested protocols associated with notes on paper, electronic notes, and email.
This post first appeared in this week's Society Alert! Access additional relevant resources here .