Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 988 amends the Business Organizations Code to require corporate directors to prioritize maximizing the value of a corporation's shares. It explicitly defines the prioritization of other considerations over share value as a breach of fiduciary duty. The act applies to actions by boards of directors taken on or after its effective date.
Author (1)
Contact the Author
Rep. Brian Harrison
Capitol Phone:
(512) 463-0516
Capitol Office:
EXT E1.414
E-Mail:
