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Delaware legislature adopted amendment to Section 102 of Delaware General Corporation Law permitting corporations to implement provision to eliminate or limit personal liability of certain officers for monetary damages for breach of fiduciary duty of care ....
Elimination of the Duty of Care In Delaware? Statutory Exculpation of Officers: Recent Amendment to Section 102(B)(7) of the Delaware General Corporation Law mintz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mintz.com Daily Mail and Mail on Sunday newspapers.
Delaware General Corporation Law was amended to permit an exculpation clause in a corporation’s charter that limits the personal liability of the corporation’s officers for monetary damages. This limits stockholders' ability to bring a claim against corporate officers. ....