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Post# of 96907
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TonyJoe1957

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TonyJoe1957

Re: BrokeAgent post# 93940

Sunday, 04/10/2022 7:28:56 PM

Sunday, April 10, 2022 7:28:56 PM

Post# of 96907
So, we need a shareholder vote to elect BOD.
TA is instrumental in contacting shareholders for vote?
BOD "appoints" CEO.

What I am having trouble with is understanding how a majority shareholder can "appoint" a BOD.

Yes, DE corporate law is usually adopted by states. Last time I checked about 54% (Compustat) of all US corporations incorporated under DE law. I think it was called Court of Chancery and all business related legal matters were resolved in DE when we were only 13 colonies.
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