Delaware lawmakers are putting aside protests from big investors and approving fast-tracked legislation that backers say will protect its status as the world's corporate capital
Delaware lawmakers approved fast-tracked legislation to protect its status as the corporate capital, despite protests from major investors. The law aims to address concerns raised by business leaders regarding corporate conflict of interest court decisions, with fears that corporations might leave Delaware for states like Nevada or Texas. Shareholders' lawyers and pension funds criticize the changes as favoring corporate insiders.
