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Patterson Belknap Webb & Tyler LLP

New Governance Requirements For Committees And Subcommittees Of Delaware Nonstock Corporations

Patterson Belknap Webb & Tyler LLP on

A recently passed Delaware law contains new voting and quorum requirements for committees and subcommittees of nonstock corporations. Specifically, the law amends the Delaware General Corporation Law (the “DGCL”) to define a...more

Allen Matkins

Why Does Determining A Quorum Have To Be So Complicated?

Allen Matkins on

California’s quorum requirement for meetings of directors appears on its face to be straightforward – a majority of the authorized number of directors constitutes a quorum of the board for the transaction of business. Cal....more

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