As you know, one of the four pillars of North Carolina Vision 2030 is to maintain and improve a Competitive Business Climate. Significant developments affecting corporate governance occurred this past legislative session through Senate Bills 648 and 853. Also, very recently, an important case from the Delaware Chancery Court, involving one of our members, recognized the ability of our companies to require that shareholder lawsuits against them be brought in North Carolina.
We want to inform you of these developments.
We believe all of our members, whether incorporated in North Carolina or in another state, should now consider adoption of a bylaw provision specifying where intra-corporate litigation must be brought. This new risk management tool, coupled with other new options created by SB 648 and 853, improve our business climate.
Join us for a free webinar on Wednesday, Nov. 12, from 11:30 a.m. – 12:30 p.m. delivered by Smith Anderson. Smith Anderson worked with the Chamber to advance the legislation, was involved in the Delaware case for our member, and will update you on these issues.
- Overview: How SB 648 and SB 853, and the Delaware Chancery Court decision in First Citizens Bank impact the state’s business climate. (Smith)
- First Citizens Bank: The story behind the case and how it improves risk management options for our companies. (Tucker)
- North Carolina Corporate Governance Improvements: The new flexibility and options provided to our companies by the legislature and the steps companies need to take to make use of them. (Batten)
Materials for the webinar will be sent to you upon completion of your registration.