Sentence examples for director action from inspiring English sources
Instead, obtaining the highest price for the benefit of the stockholders should have been the central theme guiding director action.
Given the foregoing principles, we turn to the standards by which director action is to be measured.
By contrast, the business judgement rule's applicability to director action is well-established in Delaware case law.
Even in the traditional areas of fundamental corporate change, i.e., charter, amendments [8 Del.C. § 242(b)], mergers [8 Del.C. §§ 251(b), 252(c), 253(a), and 254(d)], sale of assets [8 Del.C. § 271(a)], and dissolution [8 Del.C. § 275(a)], director action is a prerequisite to the ultimate disposition of such matters.
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Executive Director, Action on Smoking & Health ASH USAA).
The court ruled that Unocal applied to all director actions taken, following receipt of Paramount's hostile tender offer, that were reasonably determined to be defensive.
There is no allegation that the Directors' action was taken for entrenchment purposes.
It appeared that the directors' action yesterday was a defeat for Mr. Redstone, who is 78.
There are no allegations here of any bad faith on the part of the Directors' action in the adoption of the Rights Plan.
Although we consider adoption of the Plan to have been valid under the circumstances, its continued usefulness was rendered moot by the directors' actions on October 3 and October 12.
