Delaware Curbs Shareholder Challenges to Executive Compensation

Both-Sides-ing Delaware’s New Anti-Shareholder Law

Lawrence Cunningham, director of the University of Delaware’s John L. Weinberg Center for Corporate Governance, tries to both-sides the issues raised by the new law that was shoved through the state legislature at the behest of corporate executives and their lobbyists. We note that his distinguished predecessor, Charles Elson, had no hesitation in making the strongest possible objections to the new law. Cunningham does not mention Bloomberg’s fi…

Delaware Curbs Shareholder Challenges to Executive Compensation

In keeping with the close watch that the Business Court keeps on developments in Delaware corporate law, we suggest a brief review of recent changes made by the Delaware legislature in an attempt to stem the exit of corporations seeking to recharter in other states. Our colleagues Andrew Santana and Kacey Fonner wrote about the legislative fix to address the “DExit” crisis. The legislation was fueled by a Delaware state court ruling favoring sha…