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Tag: Interested Transactions

A Case for Statutory Independent Directors

Posted on March 2, 2020March 2, 2020 by James Pierce

Within corporate law there is a tense awareness of the overwhelming power of controlling shareholders. Oftentimes, such shareholders exert prodigious force over the actions of the company’s board of directors, in part because controlling shareholders may handpick the board.1 Using their connections to the board, a controlling shareholder may influence company action in an interested2…

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