Locker: Board minutes must explicitly document potential conflicts and legal counsel
Nikki Locker · a16z Podcast | 'The Most Boring Yet Valuable' 20 Minutes, All About Board Minutes · Jan 2, 2019 · at 19:29
Nikki Locker, securities litigation partner at Wilson Sonsini, explains how corporate boards should document potential conflicts of interest to maintain a strong litigation defense.
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“The board minutes ideally should recognize that the board recognized the potential conflict. Even better if a lawyer provided a discussion of their fiduciary duties in connection with a potential conflict.”
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