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Expert Analysis - Opinion

Proposals Against Phillips 66 Threaten Corporate Law

By J.W. Verret ( May 13, 2025, 3:27 PM EDT) -- Delaware law provides that the company charter functions as a kind of constitution for the corporation. It is the founding document that guides governance of the corporation through future growth, disagreements between stockholders and boards, elections, and a host of unforeseeable future contingencies in the management of what may be billions in corporate wealth....

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