Delaware Corporation

Delaware Public Benefit Corporations: Doing Well and Doing Good

Changing from a for-profit corporation to a public benefit corporation requires 90% stockholder approval (dissenters are given appraisal rights), and terminating public benefit status requires a 2/3 vote. Directors are given strong protection against stockholder claims. Any claims from stockholder interest must meet a high threshold to succeed, as the director is considered to have […]

By John Williams August 5, 2013
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