(Self)Dealing Themselves In: New Rules for Setting Board Compensation
Philadelphia partner Doug Raymond and associate Ashlee Paxton-Turner authored an article for The Legal Intelligencer titled “(Self)Dealing Themselves In: New Rules for Setting Board Compensation.” The article explores how In re Investors Bancorp Stockholder Litigation, a recent case before the Delaware Supreme Court, has prompted new standards for corporate board compensation with significant implications for Pennsylvania corporations as well.
Doug and Ashlee said that after Investors Bancorp, corporate boards in Pennsylvania and Delaware should anticipate greater scrutiny from shareholders, and perhaps challenges as well. They also added that most boards should be able to comply with the new standards and that following them will be in the directors’ best (and self) interests.
Read “(Self)Dealing Themselves In: New Rules for Setting Board Compensation.”
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