Post-Moelis Del. Corp. Law Proposal Would Hurt Stockholders

By Kimberly Evans, Nathan Abelman and Robert Erikson (April 12, 2024, 11:42 AM EDT) -- For centuries, U.S. corporate law has empowered boards of directors to manage corporate affairs.[1] Delaware enshrines this fiduciary model of corporate governance in Section 141(a) of its Delaware General Corporations Law, which states, "The business and affairs of every corporation organized under this chapter shall be managed by or under the direction of a board of directors."...

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