4 ms·

Perhaps it would be good if all material facts related to a company must be disclosed to all share/option/warrant holders once the number of equity holders or c

by Canada 7y ago

Perhaps it would be good if all material facts related to a company must be disclosed to all share/option/warrant holders once the number of equity holders or claimed value of the company exceeds a certain threshold. At least an annual balance sheet, income statement, and cap table. I've found that in practice the legal rights of minority shareholders are often not respected in private companies and there's not a lot that you can do about it.

JumpCrisscross 7y ago
> it would be good if all material facts related to a company must be disclosed to all share/option/warrant holders Delaware law gives all shareholders the right to inspect their companies' "books and records" [1]. Recently, private shareholders have had to sue to exercise this right [2]. That's a shame regulators should fix. [1] https://codes.findlaw.com/de/title-8-corporations/de-code-sect-8-220.html https://codes.findlaw.com/de/title-8-corporations/de-code-se... [2] https://law.justia.com/cases/delaware/supreme-court/2019/281-2018.html https://law.justia.com/cases/delaware/supreme-court/2019/281...