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As required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted in July 2010, the Securities and Exchange Commission adopted rules governing advisory shareholder votes regarding executive compensation ("say-on-pay") and "golden parachute" arrangements
Notwithstanding questionable board decisions and significant management and financial adviser conflicts of interest, court allows stockholders to decide whether to approve merger
Delaware Chancery Court confirms that fiduciary duties apply to LLC managers in absence of contrary LLC agreement provisions and distinguishes the implied covenant of good faith and fair dealing
