November 06, 2019 | Delaware Business Court Insider
Recent Cases Emphasize the Holistic Evaluation of Director Independence in the Demand Futility ContextDelaware law has long recognized that significant personal or professional ties to a party who would be a defendant in the prospective derivative claim, like a conflicted controlling stockholder, is grounds for finding a director lacks independence.
By Albert J. Carroll and Matthew F. Lintner
6 minute read
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