Governance Insights: Dual Fiduciaries – A Cautionary Tale for Nominee Directors

The latest edition of Davies’ Governance Insights is now available. In this issue, we review the Manti Holdings decision from Delaware.

For boards, nominees and nominating shareholders, the decision is a reminder of the importance of identifying and managing both actual and perceived conflicts of interests on an ongoing basis. Manti Holdings also illustrates how the failure to adequately address such conflicts may result in costly litigation and years of distraction.