DELAWARE – Governor Matt Meyer has signed Senate Bill 21 into law, reinforcing Delaware’s leadership in corporate governance. Passed with bipartisan support, the legislation clarifies governance structures, ensuring predictability for businesses while maintaining the state’s reputation for corporate oversight. The bill, developed with input from corporate leaders and legal experts, establishes a process for independent decision-makers to approve conflict transactions and outlines a balanced approach for stockholder access to corporate records. Supporters say it provides businesses with a clear legal framework, but critics argue it undermines judicial oversight by limiting stockholder litigation. Delaware remains a dominant player in corporate registrations, with over 2.2 million registered entities generating approximately $2.2 billion in franchise fees annually. State officials emphasize that this revenue supports key priorities, including education, housing, and infrastructure.
