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Board of Directors › Discretionary Clauses

Akin Gump Strauss Hauer & Feld LLP

Delaware Supreme Court Reins in Stockholder Ratification of Director Compensation

Akin Gump Strauss Hauer & Feld LLP on

• Directors were not entitled to stockholder ratification defense where stockholders only approved the general parameters of director and employee bonuses • This marks the first time in nearly 60 years that Delaware’s...more

Stinson LLP

Director Discretionary Compensation Subject to Entire Fairness Standard According to Delaware Supreme Court

Stinson LLP on

In a recent decision by the Delaware Supreme Court in In re Investors Bancorp Stockholders Litigation, the court found that director equity grants based on director discretion are subject to an entire fairness standard of...more

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