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If a board following the (well defined) process, the board is, under Delaware law, entitled to famously broad deference to their decisions. If they can’t run an
by nocoiner 3y ago
If a board following the (well defined) process, the board is, under Delaware law, entitled to famously broad deference to their decisions. If they can’t run an aboveboard process and procure the necessary shareholder approvals, then that’s probably in a lot of cases a pretty good sign that they’re not really doing their job as a board very effectively.