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All CEOs, CFOS, general counsels, and board members in Delaware incorporated companies must read this research from Stanford's Joe Grundfest. Joe could be the #1 voice on corporate governance. Something is awry in Delaware and you should know the risks. <a target="_blank" href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5237545" color="blue">papers.ssrn.com/sol3/papers.cf…</a>
Also, Texas new law (SB29) fixes many of the Delaware problems. I.e., you can require 3% share threshold for a derivative suit. This will fix the "ambulance chaser," "no real plaintiff" problem such as in the Tesla case. Other changes here: <a target="_blank" href="https://www.foley.com/insights/publications/2025/05/passage-senate-bill-29-positions-texas-leading-state-incorporations/" color="blue">foley.com/insights/publi…</a>