Directors need to assess the pros and cons of leaving Delaware and brace for litigation if they are seriously considering redomesticating
Some public companies are exploring the possibility of moving out of Delaware and redomesticating in other states, corporate lawyers say; however, the numbers do not portend a Delaware exodus.
These considerations are taking place as other states like Nevada and Texas fastidiously work to make their laws more hospitable to corporations. They also fall on the heels of several Delaware Chancery Court rulings that were seen as unfriendly to directors and officers.
…Companies that want to reincorporate in a new jurisdiction need to propose the move to shareholders in companies’ proxy statements.
In the past two years, there have been five companies in the Russell 3000 that offered proposals to move to Nevada in their proxies, according to data from MyLogIQ. In the three years prior, there were none.
Boards have been steadily reinforcing their ranks through the addition of more directors with military…
Governance Professionals Caution Against Knee-Jerk Reactions to Shifting Political Winds Meta Platforms added Dana White,…
Where CEO pay climbed and performance sank last year Danaher and United Parcel Service were…
As artificial intelligence grows more accessible, boards may have no choice but to embrace it…
A look at the demographics and skills of S&P 500 directors. Corporate boards have greater…
Companies with independent directors who've served on the board for more than 15 years are…