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Recent Changes to Connecticut's Business Corporation Act Have Corporate Governance Ramifications

September 3, 2009

Authors: John H. Lawrence

Connecticut has adopted a series of changes to its Business Corporation Act (Public Act 09-55) which implement many of the recent revisions to the Model Business Corporation Act.  The changes, which will take effect on October 1, 2009, make it easier for shareholders to act without having to hold a meeting, and give shareholders more of a say in board elections.  The impact on corporate governance at Connecticut corporations could be significant. 

To download a printable pdf containing a summary of the changes affecting both public and private companies as well as some recommendations for corporate counsel, please click here.

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