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April 21, 2023

Business Vantage Point Blog

From the Editor
You may notice a slight change in the logo for the Business Vantage Point blog. Based on feedback from clients, our readers and the rapidly changing legal landscape for business, which has led us to post on a wide range of legal developments well beyond topics solely of interest to the venture capital community, as evidenced by the topics highlighted in this recap, we have rebranded the venture capital blog as a blog directed at the overall business community. We hope this will more accurately represent the breadth of the insights and content provided and better serve our audience, and we look forward to your feedback in the future. 
Below is a recap of recent posts to the Stradley Ronon Business Vantage Point blog. Articles on timely topics impacting ownership, operation and financing of businesses across industries written by our trusted advisers are posted regularly on the site. If you haven’t yet subscribed, please click here to ensure you don’t miss any upcoming articles.


Delaware Case Highlights Enhanced Revlon Duties of Directors Are Alive and Well
Three Practical Steps: Response to the NLRB Decision on Confidentiality Restrictions
The Basics of Granting Equity-Based Compensation Awards

Delaware Case Highlights Enhanced Revlon Duties of Directors Are Alive and Well
In a decision rendered on March 15, 2023, the Delaware Court of Chancery, in the case In Re Mindbody, Inc. Stockholder Litigation, held Richard Stollmeyer (the CEO), the chief executive officer and a director of Mindbody, Inc. (the Company), a public company incorporated under the laws of Delaware, liable for breaches of the fiduciary duties of care and loyalty to the Company and its stockholders in a transaction involving the sale of the Company via merger to Vista Equity Partners Management, LLC (Vista). The Court also held Vista liable for aiding and abetting such breaches. Read More...

Three Practical Steps: Response to the NLRB Decision on Confidentiality Restrictions
The National Labor Relations Board (NLRB) is a federal agency with the power to safeguard union organizing rights and to remedy unfair labor practices. Its reach goes beyond just those employers with unionized workforces and impacts most private-sector employers.

Recently, the NLRB issued a decision finding that overly broad confidentiality and non-disparagement clauses in severance agreements run afoul of the National Labor Relations Act. Read More...

The Basics of Granting Equity-Based Compensation Awards
Companies are increasingly moving toward performance-based compensation arrangements for their executives.¹ These pay-for-performance arrangements typically apply to equity-based compensation. More broadly, equity-based awards can be a significant component of a company’s compensation program. An equity incentive plan can serve as a powerful tool to attract and retain talent. Whether a startup or a public company, it is imperative that equity awards be properly granted. Read More...

Information contained in this publication should not be construed as legal advice or opinion or as a substitute for the advice of counsel. The articles by these authors may have first appeared in other publications. The content provided is for educational and informational purposes for the use of clients and others who may be interested in the subject matter. We recommend that readers seek specific advice from counsel about particular matters of interest.

Copyright © 2023 Stradley Ronon Stevens & Young, LLP. All rights reserved.

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