Earlier this month, Tesla Inc.’s shareholders voted in favour of a re-domestication of the company from Delaware to Texas. The company announced that it had moved to Texas on the same day, meaning that is has ceased to be governed by Delaware corporate law and is now governed by Texas corporate law.[1]
The proposed move was a reaction to the shareholder protections in ...
Changes are coming to the Alberta Business Corporations Act (the "Act"). On December 2, 2021 the Government of Alberta's Bill 84: Business Corporations Amendment Act, 2021 ("Bill 84") received Royal Assent. Bill 84 will come into force on proclamation, expected to be some time after the accompanying regulations have been developed.
Overall, these amendments aim to bring ...
It was almost half a century ago that Milton Friedman pronounced, in a famous article in the New York Times Magazine, that a corporate executive is an agent of the shareholders, that “his primary responsibility is to them,” and that therefore “there is one and only one social responsibility of business - to use its resources and engage in activities designed to increase ...
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