The controversy over emerging fee-shifting corporate bylaw and charter provisions presents multiple policy choices. Delaware’s decision to ban the provisions offers an opportunity for: (i) states to offer a meaningful alternative to Delaware; and (ii) the generation of useful information for evaluating whether particular bylaws or charter provisions enhance shareholder wealth.
20 Transactions: Tenn. J. Bus. L. 933 (2019).
Edwards, Benjamin P., "Crafting Fee-Shifting Policy" (2019). Scholarly Works. 1261.