Why in the world would anyone read a column about board minutes?  Well, the Chief Justice of the Delaware Supreme Court recently published a speech amplifying the conclusions of a much discussed lawsuit in Delaware involving Disney and Michael Ovitz and there’s an awful lot in both the speech and the case on board minutes.  I say “awful lot” in both senses: (1) there’s a hefty word count and (2) the conclusion is that skimping on board minutes pertaining to important decisions can result in extraordinarily costly and painful litigation.  As a board member of a startup, the issue of whether the board wins or loses the suit can be far less important than whether a disgruntled stockholder can hold up a deal or shakedown the company (and its stockholders) over flawed board minutes.

from Forbes – Tech http://ift.tt/1KGfMdF
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