Delaware amended Section 102b7 to permit exculpation of certain officers for direct stockholder suits for monetary damages for breach of fiduciary duty. See Officer Exculpation Is Old News And Automatic In This State, Is The Right To Sue Officers A Power, Preference?
Last summer, Delaware amended Section 102(b)(7) to permit the exculpation of certain officers for direct (but not derivative) stockholder suits for monetary damages for breach of.
Effective August 1, 2022, Delaware amended Section 102(b)(7) of its General Corporation Law to allow a Delaware corporation to include in its certificate of incorporation a provision exculpating certain of its officers.