No-Vote Shares & the Business Judgment Rule with Charles Elson
The Voice of Corporate Governance - Un pódcast de The Council of Institutional Investors - Jueves
Charles Elson of the University of Delaware discusses whether Delaware courts will provide “business judgment rule” deference to directors of companies that offer public shareholders only non-voting shares. Judges do not second-guess board decisions under the business judgment rule, which is based in part on the shareholder franchise.
