Delaware Corporate Law Amendments Move to House Amid Concerns from Business Leaders

The Delaware Senate Judiciary Committee has moved forward with SB 21, a bill proposing amendments to the state’s corporate law. After a recent hearing, the measure has been sent to the House for further consideration. Proponents, including Amy Simmerman, a partner at Wilson Sonsini Goodrich & Rosati, and Lawrence Hamermesh, professor emeritus at Delaware Law School, argue that the legislation is essential to address corporate anxieties and to safeguard Delaware’s primary revenue source. Additional input came from Srinivas Raju, a director at Richards, Layton & Finger. For more details about the ongoing legislative process and its implications for corporate governance, you can access the full article here.