The Proxy Rulebook Has No Cover

The Proxy Rulebook Has No Cover

The Proxy Rulebook Has No Cover Executive Summary The institutional infrastructure that Fortune 500 boards have relied on to predict director election outcomes has fractured mid-season. President Trump’s December 2025 Executive Order targeting ISS and Glass...
Caremark Reaches the HR Floor

Caremark Reaches the HR Floor

Executive Summary Delaware’s Court of Chancery ruled on January 16, 2026 that a board’s failure to act in good faith on credible red flags of workplace sexual misconduct constitutes a viable Caremark breach, denying motions to dismiss against directors and...
Misconduct Silence Breaches Fiduciary Duty

Misconduct Silence Breaches Fiduciary Duty

Executive Summary Delaware’s Court of Chancery ruled in January 2026 that a board’s failure to respond in good faith to credible workplace sexual misconduct red flags can survive a motion to dismiss as a breach of fiduciary duty, and that a CEO who...
Delaware Locks In the SB 21 Safe Harbor

Delaware Locks In the SB 21 Safe Harbor

The Delaware Supreme Court has unanimously upheld the constitutionality of SB 21’s fiduciary safe harbor provisions, ending the legal uncertainty that has hung over every conflicted-controller transaction since the statute was enacted in March 2025. Every...
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