Some venture capital firms have recently begun including so-called "diversity riders" in their term sheets. In general, these require that the issuer and the lead investor make commercially reasonable efforts to include a member of an...
Are Diversity Riders Legal?
Posted on December 03, 2020
Why Some Delaware Corporations May Be Concerned With California's Supermajority Vote Requirements
Posted on February 27, 2017
Section 710(b) of the California Corporations Code defines a "supermajority vote" as a requirement set forth in a corporation's articles of incorporation (or certificate of determination) that specified actions be approved by a larger proportion of...