Delaware Governor Meyer signed into law Senate Bill 21 (SB21) in March 2025, updating Delaware’s corporate law, with some of the key provisions including safe harbor protections, liability protections for certain transactions or actions, pathways for application of the business judgment rule in place of the entire fairness standard for judicial review, and greater limitations on stockholder inspection rights for corporate records.
The signing of this bill has led to considerable discussion on whether it was beneficial or detrimental to shareholders. Aaron Dolgoff and Tiago Duarte-Silva show that there was no discernible effect on the shareholder value of companies incorporated in Delaware.
Read more about the impact of Senate Bill 21 on shareholders here.
