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
stack of paper Annual Report for Corporation

Mitt Romney was not listed as Director or President on Delaware Annual Reports of Bain Capital, Inc. in 2000 or 2001 (only the 1999 report)

Below I have attached the Bain Capital, Inc. annual reports from 2000 and 2001. NOTE: MITT ROMNEY IS NOT LISTED AS DIRECTOR OR PRESIDENT FOR EITHER YEAR. Interestingly, the 2000 annual report filed February 28, 2001, listed six directors. However the 2001 annual report filed February 26, 2002, lists only ONE director, (also an officer […]

By John Williams July 16, 2012
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