November 6, 2023
The Pay & Proxy Podcast: Equity Award Delegations in Delaware
Meredith is out with a new episode of “The Pay & Proxy Podcast”! In this 21-minute episode, she is joined by Sheri Adler at Troutman Pepper to discuss equity award delegations in Delaware. Topics include:
1. The differing requirements for option/RSU and restricted stock award delegations in Delaware before the 2022 DGCL amendments
2. The welcome changes to the DGCL in August 2022
3. How the further amendments in 2023 addressed interpretive issues
4. Remaining areas of ambiguity
5. Best practices for equity award delegations, documentation and recordkeeping
6. Avoiding the constraints of Sections 152 or 157 by delegating to a one-member board committee
Visit our “Stock Options” Practice Area for more guidance on handling equity grants.
– Liz Dunshee