5 ms·
>consistently given boards wide discretion to act as they see fit in their fiduciary duty That discretion is highly limited in the context of an acquisition, w
by RandomBK 4y ago
>consistently given boards wide discretion to act as they see fit in their fiduciary duty
That discretion is highly limited in the context of an acquisition, where there's a high risk of conflicts of interest between the Board and Shareholders. Delaware courts have consistently limited the Business Judgement Rule in takeover situations.