Reported 27 days ago
Delaware is set to enhance protections for corporate officers against shareholder lawsuits following pressure from prominent businessmen like Elon Musk. This legislative change, supported by Gov. Matt Meyer and local business leaders, aims to maintain Delaware's status as a corporate hub, hosting over 2.2 million business entities, including a majority of Fortune 500 companies. Critics argue the move favors billionaires and corporate insiders at the expense of shareholders.
Source: YAHOO