Delaware ignores tradition and misses big with opt-in snub
Bloomberg Law: Anat Alon-Beck, assistant professor at the School of Law, and Atticus Williams, second-year law student, noted that Delaware’s SB 21 reshapes corporate governance by amending Sections 144 and 220, streamlining approvals for interested director transactions and limiting shareholder access to records. They said that the bill’s rushed passage bypassed traditional vetting, and its lack of an opt-in provision raises concerns about shareholder rights and potential constitutional challenges in corporate law reform.
