Reported 8 months ago
Delaware is set to change its corporate law, giving significant investors like private-equity firms more influence over US boards of directors. This change, approved by lawmakers, allows corporations to enter contracts with shareholders, granting them power over crucial board decisions. Critics, including state judges and academics, express concerns about the potential impact. The bill, addressing recent court rulings, is expected to become law on August 1, affecting how U.S. public companies, largely chartered in Delaware, operate.
Source: YAHOO