In light of the recent novel coronavirus (COVID-19) outbreak and the challenges it presents for boards of directors to safely travel, the Securities and Exchange Commission issued an order on March 13, 2020, exempting all registered investment companies and business development companies, including their advisers and principal underwriters, from the in-person meeting requirements of certain provisions under the Investment Company Act of 1940. In this update, we detail these exemptions and provide tips for boards to consider when conducting meetings remotely. Read More