A recent Delaware Court of Chancery decision provides a concise summary of the fiduciary duty of disclosure in the context of a proxy statement. In Stansell v. Rosensweig, C.A. No. 2023-0180-PAF (Del. Ch., June 12, 2024), the court rejected the claim that the proxy statement should have included a reference to reports that students
New Delaware Statute Allowing Proxy Access Pursuant to Bylaw Provision
By Francis Pileggi on
Posted in Chancery Court Updates
Professor Lisa Fairfax on The Conglomerate blog here, provides a helpful overview of the new Delaware statute, here, Section 112, effective August 1, 2009, regarding allowance (not requirement) pursuant to a bylaw provision, of shareholder-nominated candidates for director to be included in proxy statements. The good professor’s entire blog entry follows:
On Friday, Delaware’s governor signed legislation…