Sentences with phrase «current state law shareholders»

But under current state law shareholders can elect to move their company to another jurisdiction only if the existing board of directors approves such a move — and those incumbent boards will want to stay in the management - friendly states they already inhabit.

Not exact matches

And current state laws permit incumbent board members access to the corporate treasury, allowing them to spend millions of dollars, to hire lawyers and public relations firms, run ads and mail materials to prevent shareholders from adding their designees to the board of directors.

With the arrival of activist shareholder Bill Ackman in Canada, panel moderator and Ohio State University law professor Steven Davidoff kicked off the session with a discussion about the current climate for activists and how to deal with them.