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Consider Officer Exculpation Proposal for 2024 Proxy Season

By Randi Morrison posted 01-21-2024 04:30 PM

  

Recounting the significant shareholder support for officer exculpation charter amendment proposals in the 2023 proxy season, Orrick’s “2024 Proxy Season Considerations: Officer Exculpation for Delaware Corporations” encourages companies that have not already taken the plunge to consider including such a proposal in this year’s proxy. The post recaps commonly disclosed bases for supporting the amendment, which may assist companies with their presentation of this matter for board consideration (as well as their supporting statements), and an overview of the key proxy voting-related considerations.

See our report: “Officer Exculpation Proposals: State of Play.”

                         This post first appeared in the weekly Society Alert!

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