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Delaware Reaffirms Entire Fairness Standard for Review of Director Compensation
Dodd-Frank.com 
June 5, 2019 "[T]he Delaware Court of Chancery ... reaffirmed that in most circumstances decisions of directors awarding director compensation are subject to review under the entire fairness standard. The Court also addressed the possibility of stockholder waiver of application of that standard to future director actions ... The litigation addressed compensation of Goldman Sachs' directors -- primarily the stock incentive plans ... approved by Goldman Sachs stockholders in 2013 and 2015." Stein v. Blankfein, No. 2017-0354 (Del. Chanc. May 31, 2019)] MORE >> |
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