Private Equity Minority Investments - Universität St.Gallen

Table of Contents2.2.1 Overview ...................................................................... 3332.2.2 Timing of Information Requests .................................. 3352.2.3 Information Objects ..................................................... 3362.2.4 Scope of Information Rights ........................................ 3372.2.5 Limitations of Information Sharing ............................. 3382.3 Board Members’ Equal Access to Information .................. 342C Assessment of Legal Status and Further Need forProtection ....................................................................... 3431 Equal Access to Information .................................................... 3432 Ongoing Access to Information ................................................ 3433 Timely Access to Information .................................................. 3454 Unsolicited Provision of Information ....................................... 3465 Extended Scope and Quality of Information ............................ 3475.1 Defining Content in General .............................................. 3475.2 Specific Content and Documents ....................................... 3485.3 Quality of Information ....................................................... 3506 Broader Circle of Information Providers .................................. 3517 Conclusion ................................................................................ 351D Legal Structuring Options ............................................. 3521 Key Legal Documents .............................................................. 3532 Aspects of an Investor Information System ............................. 3552.1 Obligors .............................................................................. 3552.2 Informational Level Playing Field ..................................... 3562.3 Timing of Information ........................................................ 3562.4 Form of Information ........................................................... 3572.5 Information Content ........................................................... 3582.5.1 General Approaches to Regulation .............................. 3582.5.2 Specific Content ........................................................... 3602.6 Quality of Information ....................................................... 3633 Mitigating Reservations against Disclosure ............................. 3653.1 Safeguarding Corporate Interests ....................................... 3663.2 Maintaining a Culture of Discretion ................................... 3663.3 Considering the Cost-Benefit Ratio ................................... 3683.3.1 Cost of Information ...................................................... 3683.3.2 Optimal Information .................................................... 3693.4 Preventing Abuse ............................................................... 370XXI