In “Section 220 Books and Records Requests: Keeping Up with Case Law Trends and Optimizing Response Strategies,” Woodruff Sawyer leverages the recently decided Simeone v. The Walt Disney Company case (we reported on here) to provide a brief tutorial on the DGCL’s § 220 Inspection of books and records provision and discuss the bases for recent Delaware Chancery Court decisions rejecting and supporting stockholders’ books & records requests. The memo reiterates the importance of good recordkeeping practices that include (among other considerations) a sound minute drafting and review process and consistency between the minutes and other materials.
See our recent report: “Drafting & Reviewing Board & Committee Minutes: Practice Tips” and additional resources on our Corporate Secretary's Office, Minutes, and Director / Officer Duties & Liabilities pages.
This post first appeared in the weekly Society Alert!