Haynes & Boone: Delaware Court Reminder - Boards Should Be Careful When Setting Their Own Pay
July 29, 2026
July 29, 2026
DALLAS, Texas, July 29 [Category: BizLaw/Legal] -- Haynes and Boone, a law firm, posted the following news:
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Delaware Court Reminder: Boards Should Be Careful When Setting Their Own Pay
A recent Delaware Court of Chancery decision, Ayers v. Foley, serves as an important reminder that when a board votes to set its own compensation, courts will not simply accept the board's own assessment that the compensation was fair.
In Foley, a sha . . .
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Delaware Court Reminder: Boards Should Be Careful When Setting Their Own Pay
A recent Delaware Court of Chancery decision, Ayers v. Foley, serves as an important reminder that when a board votes to set its own compensation, courts will not simply accept the board's own assessment that the compensation was fair.
In Foley, a sha . . .