Because of the restrictions imposed by Section 157(c) of the DGCL, it has long been understood by practitioners that a board or compensation committee may confer on an officer the ability to award “rights or options” relating to the company’s equity to other employees, but that it was not possible to confer such authority with regard to the award of actual shares of stock. In a development that has seemingly not received a lot of press, the DGCL has now been modified, effective as of August 1, 2015, to permit such delegation. As a result, it is now possible for boards and compensation committees to authorize officers to award all forms of equity compensation, provided that the board or compensation committee must in all instances approve an overall limit on the number of shares that may be awarded by the officer.