"Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of directors in favor of influential investors such as private-equity firms." What could go wrong? https://t.co/7xqi53Agjk
Delaware law to allow big investors greater sway over US corporate boards - https://t.co/xgm1lxMFFB via @Reuters #CorpGov
Delaware law to allow big investors greater sway over US boards https://t.co/gUX0EsiNyu https://t.co/X2W6uk1CEo










Delaware is on the verge of adopting significant amendments to its corporate law that would allow large investors, such as private-equity firms, to have greater influence over U.S. corporate boards. The Delaware House recently passed controversial legislation that would enable a company to make side agreements with individual shareholders without requiring a full vote of the board of directors. These changes are intended to overturn a landmark court decision that invalidated certain contracts between corporations and powerful investors. Critics argue that the amendments could weaken the authority of U.S. boards of directors in favor of influential shareholders, with billions of dollars at stake. The amendments are now awaiting the governor's approval.