Delaware Court of Chancery on The Circle in Georgetown, Delaware. Credit: Antony-22 via Wikimedia Commons Shareholder Primacy in Delaware Corporation Law: Court of Chancery Makes Clear That Delaware Law Assumes 'Single-Firm Model'
The Delaware Court of Chancery recently had the opportunity to weigh in on a plaintiff's unique theory of director and officer fiduciary duties arising out of the stakeholder capitalism model of corporate governance.
June 19, 2024 at 09:01 AM
7 minute read
Contributors
Delaware corporation law has developed based on the fundamental principle that directors of a Delaware corporation owe fiduciary duties to the corporation and its stockholders. Notwithstanding this fundamental principle, economists, business school academics and legal scholars have long considered the proper role of corporations in society.
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