
Proposed changes to the Delaware General Corporation Law (DGCL) have sparked significant controversy and debate. The proposed rule changes, which are set to be voted on this afternoon, have drawn attention from various stakeholders, including corporate law experts and state officials. Senator OMara has urged caution, highlighting the potential risks to Delaware's corporate leadership and state revenues. Chancellor McCormick has also issued warnings about the implications of these changes. The Delaware press has been actively covering this issue, emphasizing its importance to public markets. The proposed changes are encapsulated in SB313.
One thing I think all corporate law experts should agree on: Delaware corporate law becoming politicized is not good for Delaware’s chartering business.
Urging caution as the House considers SB313 and its implications. Delaware cannot afford to make a misstep that could threaten 232 years of corporate leadership & 37% of state revenues. We should heed the warnings of Chancellor McCormick (below) & take the time to get this right. https://t.co/PzO4UHx74c
Still more on proposed DGCL changes- the Delaware press is on it, at least. Voting this afternoon: https://t.co/ZK2cSUpQQy
