What is market check

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Reference no: EM132861875

Chapter 7. Fiduciary Duty Law: The Responsibilities of Boards of Directors, Senior Executive Officers, and Controlling Shareholders.

Part I:

What is a "market check"? What is the usefulness - from either a legal or a business perspective - of conducting a market check?

Part II: 

After reading chapter 7, please answer the following questions:

1. What is the standard of review that the Delaware Supreme Court used in Cheff v. Mathes to evaluate the validity of the board's decision in the principal case?

2. In what sense do the facts of the principal case give rise to a conflict of interest?

3. What is "greenmail?"

4. Describe the "poison pill" and the Delaware Supreme Court's position of validity concerning it.

Reference no: EM132861875

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