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Corporate Law

 Pages Tagged With: "directors"

The Delaware Way: Deference to the Business Judgment of Directors Who Act Loyally and Carefully

The Delaware General Corporation Law’s central mandate appears in Section 141(a); it provides that the business and affairs of every Delaware corporation are managed by or under the direction of the corporation’s board of directors. In discharging their duty to manage or oversee the management of the corporation, directors owe fiduciary duties of loyalty and […]

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