Sidley Perspectives on M&A and Corporate Governance

December 2020

Sidley is pleased to share the December 2020 issue of Sidley Perspectives on M&A and Corporate Governance, a quarterly newsletter designed to keep you current on what we consider to be the most important legal developments involving M&A and corporate governance matters.

ANALYSIS

Sharing Board Meeting Minutes With Independent Auditors: A Litigator’s Perspective
Steps for Corporate Boards Serious About Improving Diversity in the Boardroom

JUDICIAL DEVELOPMENTS

Finally, Some COVID-19-Related M&A Guidance: Delaware Court of Chancery Issues Decision Analyzing MAE and Ordinary Course Provisions During COVID-19
Delaware Court of Chancery Invokes Rarely Successful “Fraud-on-the-Board” Theory, Permitting Duty of Loyalty Claims to Proceed
Delaware Supreme Court Reaffirms Import of Deal Value In Resolving Appraisal Petitions
Under Delaware Law, Appraisal Actions Do Not Constitute “Securities Claims”Covered by D&O Policy

LEGISLATIVE DEVELOPMENTS

House Passes Bill to Delist Foreign Companies From U.S. Stock Exchanges

SEC DEVELOPMENTS

SEC Charges Company for Internal Controls Violations When It Implemented a Stock Buyback Plan Just Before Resuming Merger Discussions

CORPORATE GOVERNANCE DEVELOPMENTS

Nasdaq Aims to Increase Board Diversity Through New Proposed Listing Requirements
BlackRock Announces Plans to Vote Against Directors and Support Shareholder Proposals More Frequently in 2021 to Spur Action on ESG Matters
Coalition Led by State Treasurers Urges Russell 3000 Companies to Disclose Board Diversity Data in 2021 Proxy Statements
Influential Working Group Releases Practical Guidance for Hosting Virtual Shareholder Meetings

Current and past issues of Sidley Perspectives on M&A and Corporate Governance are available on our website. View the December 2020 issue here and past issues here.

If you have any questions regarding this issue of Sidley Perspectives or suggestions for topics to be covered in future issues, please contact the Sidley lawyer with whom you usually work or Claire Holland, the editor of the newsletter, at cholland@sidley.com.

Sidley Austin LLPはクライアントおよびその他関係者へのサービスの一環として本情報を教育上の目的に限定して提供します。本情報をリーガルアドバイスとして解釈または依拠したり、弁護士・顧客間の関係を結ぶために使用することはできません。

弁護士広告 - ニューヨーク州弁護士会規則の遵守のための当法律事務所の本店所在地は、Sidley Austin LLP ニューヨーク：787 Seventh Avenue, New York, NY 10019 (+212 839 5300)、シカゴ：One South Dearborn, Chicago, IL 60603、(+312 853 7000)、ワシントン：1501 K Street, N.W., Washington, D.C. 20005 (+202 736 8000)です。