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July 31, 2024

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8 min read

Delaware Passes Controversial Amendments to the Delaware General Corporation Law

Effective August 1, 2024, the Delaware General Corporation Law (DGCL) is amended in part to allow corporations to enter into agreements with stockholders that delegate governance rights to stockholders regardless of whether such rights are provided for in the corporation’s certificate of incorporation. Such stockholder agreements were previously found to violate Section 141(a) of the DGCL in the controversial case West Palm Beach Firefighters’ Pension Fund v. Moelis & Co.

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Winston’s Capital Markets & Securities Law Watch features insights on recent regulatory, stock exchange, governance, and other developments in the capital markets and public company arena.

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  • Capital Markets
  • Transactions
  • Corporate Governance
  • Public Companies
  • Financial Services

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