Home » Doubling Down on “Plain Language”: Delaware Court Extends In re VAALCO Energy by Invalidating Supermajority Vote Requirement for Director Removal

Doubling Down on “Plain Language”: Delaware Court Extends In re VAALCO Energy by Invalidating Supermajority Vote Requirement for Director Removal

PDF · Robert S. Reder & Stanley Onyeador · May-4-2017 · 70 Vand. L. Rev. En Banc 29 (2017)

Doubling-Down-on-“Plain-Language”-Delaware-Court-Extends-In-re-VAALCO-Energy-by-Invalidating-Supermajority-Vote-Requirement-for-Director-Removal1

ABSTRACT

Court finds that plain language of DGCL §141(k) unequivocally requires only a simple stockholder majority to remove members of an unclassified board of directors

AUTHORS

Robert S. Reder
Professor of the Practice of Law at Vanderbilt University Law School, has been serving as a consulting attorney at Milbank, Tweed, Hadley & McCloy LLP in New York City since his retirement as a partner in April 2011

Stanley Onyeador
Vanderbilt University, J.D./M.B.A. Candidate, May 2017. Upon graduation, Stanley Onyeador will join the Corporate group at Cravath, Swaine & Moore in New York, New York. Thanks to Professor Reder and the Law Review for the opportunity to publish in this En Banc series.



Comments are closed.