KB Home's 'Emeritus' Director Bylaw Invalid, Chancery Rules
By Leslie A. Pappas · April 12, 2024, 5:20 PM EDT
A KB Home bylaw that allowed the homebuilder's board to unilaterally shift an acting director into a non-functioning "emeritus" role without conducting a stockholder vote is invalid under Delaware law, a...
To view the full article, register now.
Try a seven day FREE Trial
Already a subscriber? Click here to login