3 ms·
Fiduciary duty =/= short term gains of company stock. Shareholder interest =/= money. Shareholder votes allow other considerations can be taken into account.
by randyrand 5y ago
Fiduciary duty =/= short term gains of company stock.
Shareholder interest =/= money. Shareholder votes allow other considerations can be taken into account.
I agree with your comment, but it's not that hard to reject IMO.
- texasbigdata 5y agoDelaware law is a bit more nuanced here.
- ABCLAW 5y agoNot really. The OP in this thread is very overblown. The business judgement rule is a cornerstone of corporate law in most western jurisdictions - Delaware's framework, if anything, enhances the value of the scope and level of deference offered by the rule. https://corplaw.delaware.gov/delaware-way-business-judgment/#:~:text=Delaware%20law%20affords%20directors%20making,if%20it%20is%20undertaken%20with https://corplaw.delaware.gov/delaware-way-business-judgment/...
- missedthecue 5y agoBoards have been sued and won against for not taking takeover bids. So there is some precedence.