It's an important change for a jurisdiction that has so far had only a minimal level of shareholder protection, especially for independent and retail shareholders. (iflr.com)
Without systemic shareholder protection (such as the public markets, which are subject to rules and regulations and provide liquidity for the stock), the VC can be subject to the unpredictable decisions of a board and management. (marsdd.com)
On Wednesday, Chancellor Leo Strine of Chancery Court gave companies a powerful incentive to build both independent board review and minority shareholder approval into the going - private process, writing new law that should boost shareholder protections. (professorbainbridge.com)