Cause for concern regarding director compensation

 

In recent years, there have been rumblings about the risks directors face when approving their own compensation. Those rumblings, triggered by a 2012 Delaware Court of Chancery opinion, Seinfeld v. Slager, reverberate further following the most recent ruling on the subject. Calma v. Templeton closely echoes Seinfeld and gives directors renewed reason for concern.

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About the Author(s)

Doug Raymond

Doug Raymond is a partner at Faegre Drinker Biddle & Reath LLP (www.faegredrinker.com). He can be reached at douglas.raymond@faegredrinker.com.


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