I continue to read confused statements in proxy statements about the vote required for shareholder action. The default voting rule in Delaware is found in Section 216(2) of the Delaware General Corporation Law:
Continuing Confusion About Shareholder Approval Requirements
Posted on April 17, 2017
How The Proposed Fix To Delaware's Stockholder Consent Statute Can Be Fixed
Posted on March 17, 2017
Earlier this week, I wrote about a proposed amendment to Section 228 of the Delaware General Corporation Law. The amendment, which is proposed by The Corporate Council of the Corporation Law Section of the Delaware State Bar, would essentially...