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The commenter was implying that what he said about the situation in UK, applies strongly to Delaware as well. "Delaware's duties are similar, they give the dir
by whack 10y ago
The commenter was implying that what he said about the situation in UK, applies strongly to Delaware as well.
"Delaware's duties are similar, they give the directors huge latitude"
- Marazan 10y ago_would be most likely to promote the success of the company for the benefit of its members as a whole,_ In the UK law is basically exactly the same as the Delaware law. As long as the directors are acting in good faith they can do pretty much what they like. It is up to the shareholders to show bad faith/gross negligence on behalf of the directors