Delaware Modernizes Various Corporate Statutes In Light Of Developments In Electronic Media

The growth of the Internet and other developments in electronic media have led to rapid and widespread changes in the manner and methods of communications between corporations and their stockholders. Technology now exists by which stockholders may communicate with each other instantaneously on electronic "message boards" and in Internet chat rooms; corporations may electronically deliver annual reports, proxy statements, and voting materials to stockholders; and stockholders may authorise proxies to cast their votes at stockholder meetings by telephone and over the Internet. Sometimes, however, changes to statutes written in pre-Internet days are required in order for corporations and stockholders to use these technologies.