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Corporate & Securities Law

: BusinessAssociationsBlog.com

Counsel for CA Comments on CA v AFSCME

By Stephen Bainbridge

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Robert Giuffra of Sullivan and Cromwell represented CA in the recent proceeding before the Delaware supreme court. He comments on the court’s opinion: It reaffirms the bedrock principle of Delaware corporate law that the directors of a corporation, not the shareholders, manage the business and affairs of the corporation. The decision confirms that shareholder bylaws may not prevent the...

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Full post as published by BusinessAssociationsBlog.com on July 23, 2008 (boomark / email).

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