Board Meeting Compliance Steps
Summary
As a board member of a Delaware C corp, you can file a Board-Level Demand for Inspection under DGCL § 220 to access corporate records. This includes financial statements, contracts, and other material records. Ensure your demand is specific, reasonable, and related to your duties as a director. Consider reviewing your corporations bylaws for procedures on board decisions and meetings.Full Conversation
Could I file a Board-Level Demand for Inspection of Corporate Records
Under Delaware General Corporation Law (DGCL) § *, a director is entitled to:
Inspect the company’s books and records, including:
Financial statements
Cap table
Contracts
Board resolutions
Equity grants
Employment agreements
Bank transactions
Any material records affecting governance or shareholder interests
Yes, as a director, you have the right to file a Board-Level Demand for Inspection under Delaware General Corporation Law (DGCL) § *. Here's how you can proceed:
- Prepare a written demand specifying the records you wish to inspect.
- State your purpose for inspection.
- Ensure the demand is reasonable and related to your duties as a director.
Would you like more details on the process or any other aspect?