Delaware Legislature Adopts Amendments to Delaware General Corporation Law Regarding Proxy Access and Other Issues


Effective August 1, 2009, the Delaware General Corporation Law will be amended to address stockholder proxy access and expense reimbursement for director elections, establishment of dual record dates for stockholder meetings, indemnification and expense advancement rights, and the judicial removal of directors.

Pryor Cashman Corporate Associate Michael T. Campoli has written an informative Legal Update about the proposals entitled "Delaware Legislature Adopts Amendments to the Delaware General Corporation Law Regarding Proxy Access and Other Issues."

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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