Delaware is on the verge of adopting significant amendments to its corporate law that would allow large investors, such as private-equity firms, to have greater influence over U.S. corporate boards. The Delaware House recently passed controversial legislation that would enable a company to make side agreements with individual shareholders without requiring a full vote of the board of directors. These changes are intended to overturn a landmark court decision that invalidated certain contracts between corporations and powerful investors. Critics argue that the amendments could weaken the authority of U.S. boards of directors in favor of influential shareholders, with billions of dollars at stake. The amendments are now awaiting the governor's approval.
"Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of directors in favor of influential investors such as private-equity firms." What could go wrong? https://t.co/7xqi53Agjk
Delaware law to allow big investors greater sway over US corporate boards - https://t.co/xgm1lxMFFB via @Reuters #CorpGov
Delaware law to allow big investors greater sway over US boards https://t.co/gUX0EsiNyu https://t.co/X2W6uk1CEo
Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken US boards of directors in favor of influential investors such as private-equity firms https://t.co/nTbSVh4zZR @tomhals https://t.co/sRe4uwP9L4
🔵 DELAWARE LAW TO ALLOW BIG INVESTORS GREATER SWAY OVER US CORPORATE BOARDS Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of directors in favor of influential investors such as private-equity firms. Full Story… https://t.co/n9g3F90gTh
The Delaware House passed controversial legislation Thursday that would change how some companies are governed. Under the proposal, a Delaware company could make a side agreement with a single shareholder without a full vote of the board of directors. https://t.co/jQOqshYqcW
Corporate law changes would favour big shareholders in influential Delaware, via @sindap @FT #CorpGov https://t.co/YCGPqbd1zs
I'll add, at least two of the law professors who were casually insulted have written articles specifically about the value of leaving Delaware alone to develop the country's corporate law (not me!). But there were billions of dollars at stake, so, not surprising. https://t.co/24oGVOTyNC
Corporate law changes would favour big shareholders in influential Delaware https://t.co/STe5dbYWch
Amendments to Delaware corporate law that seek to overturn a landmark court decision invalidating some contracts between corporations and powerful investors are on their way to the governor's desk. https://t.co/QLsP3wVTwP