As a result of the disruption caused by the COVID-19 crisis, for most companies physical in-person board and shareholder meetings are currently not possible. However, companies will still need to pass board and shareholder resolutions, in particular in relation to specific actions aimed at responding to the COVID-19 crisis.
To read the full text of this post by Duane Morris partner Thomas Rainey, please visit the Duane Morris London Blog.
Millions of stockholders of Delaware corporations are currently under some form of “stay-at-home” restrictions, and applicable guidelines from health officials limit gatherings to no more than 5-10 people, each of which have to be at least 6 feet away from one another. These safety protocols, while necessary, make it essentially impossible to convene annual stockholders’ meetings as has been traditional–in person.
To read the full text of this post by Duane Morris partner Richard Renck, please visit the Duane Morris Delaware Business Law Blog.
