Sentence examples for interested transaction from inspiring English sources

Delaware has long adhered to the principle that the controlling shareholders have the burden of proving an interested transaction was entirely fair.

Therefore, the proponents of an interested transaction will continue to be incentivized to put a fair dealing process in place that promotes judicial confidence in the entire fairness of the transaction price.

Accordingly, we hold prospectively that, if the record does not permit a pretrial determination that the defendants are entitled to a burden shift, the burden of persuasion will remain with the defendants throughout the trial to demonstrate the entire fairness of the interested transaction.

The Defendants argue that if the Court of Chancery rarely determines the issue of burden shifting on the basis of a pretrial record, corporations will be dissuaded from forming special committees of independent directors and from seeking approval of an interested transaction by an informed vote of a majority of the minority shareholders.

That approach also adheres to the director-centered nature of our law, which leaves directors with wide managerial freedom subject to the strictures of equity, including entire fairness review of interested transactions.

Considering the accelerating imbalances delineated above, it may be worth re-evaluating the definitional lens of the "self-interested" transaction.

A president has many responsibilities but none so important as the stewardship of the climate for ethics and respect for human dignity without which the university loses its soul, becoming a mere shell for self-interested transactions among various interest groups.

Among the examples of self-regulatory statutory provisions are a mandatory cumulative voting rule for the selection of directors, which assures that minority blockholders in controlled companies have board representation, and dual shareholder- and board-level approval procedures for self-interested transactions.

But for people without the capacity to obligate themselves to future action, such exchanges would depend upon one party performing first (presumably from self-interest) and the second performing in his turn out of gratitude alone; and since that motive cannot generally be relied on in self-interested transactions, people would rarely provide one another benefits of these kinds.

"Plaintiffs bring this shareholder derivative and class action because recent self-interested transactions and revelations about News Corp.'s operations giving rise to this action are the proverbial straws that break the camel's back".

Nor does this become an "interested" director transaction merely because certain board members are large stockholders.