by Touch Stone Publishers | Aug 4, 2026
The Delaware Court of Chancery ruled on July 29 that the Revlon duty to seek the highest price reasonably available does not govern public benefit corporation directors in a sale of control, and that the PBC statute’s own safe harbor can extinguish both direct...
by Touch Stone Publishers | Jul 17, 2026
SEC Chairman Paul Atkins confirmed on July 9 that the Commission will not resume issuing no-action letters on shareholder proposal exclusions, and moved to gut Regulation S-K to bare materiality, telling the room of directors and general counsel: the buck stops with...
by Touch Stone Publishers | Jul 16, 2026
A Delaware committee has drafted legislation for the AIC: an entity whose daily affairs are run by an AI agent, not a person, drafted after its chair confirmed Morgan Stanley already lets AI agents trade with no clear party accountable when one causes harm. Every...
by Touch Stone Publishers | Jul 8, 2026
Executive Summary Delaware has read the 2025 Section 144 safe harbor for the first time, and the result cuts two ways for boards. Conflicted transactions routed through genuinely independent committees now carry a statutory presumption of director disinterestedness...
by Touch Stone Publishers | Jul 7, 2026
Board oversight of artificial intelligence has crossed from best practice to fiduciary expectation. The National Association of Corporate Directors now frames AI oversight as a core director duty, proxy advisors weigh it in 2026 vote decisions, and the SEC keeps...
by Touch Stone Publishers | Jul 3, 2026
Executive Summary On June 15, 2026, the Delaware Court of Chancery issued the first opinion interpreting the 2025 amendments to Section 144 of the DGCL, holding that directors certified as independent under stock exchange standards now carry a statutory presumption of...
