Partner Edward Micheletti and associate Ryan Lindsay review a recent decision from the Delaware Court of Chancery that reiterates that unambiguous advance notice bylaws will be enforced. Ed and Ryan discuss guidance provided by the decision, including the usefulness of advance notice bylaws in protecting corporations from undisclosed arrangements by individuals or groups seeking corporate control.
Delaware Courts Provide Guidance on Incumbent Board Enforcement of Advance Notice Bylaws
Harvard Law School Forum on Corporate Governance