[Bliss News][Contribution] Controlling Performance-linked Stock Compensation for Controlling Shareholders
11 Nov 2024
Attorney Narae Lee's paper, titled "Controlling Performance-linked Stock Compensation for Controlling Shareholders" has been published in Volume 23, Issue 2 of the Journal of Economic Law.
The paper discusses cases where publicly listed companies grant transfer-restricted stocks to directors or executives who are family members of controlling shareholders. It examines the differences between transfer-restricted stocks and stock options and explores which procedural controls should be strengthened from a corporate governance perspective.
In particular, the paper analyzes the Delaware Court of Chancery's decision to invalidate Tesla's stock compensation package granted to Elon Musk (Tornetta vs. Musk case). This analysis explores how Korea might regulate the granting of transfer-restricted stocks to directors or executives who are family members of controlling shareholders.
For those interested, please refer to the link below for more details.
Attorney Narae Lee's paper, titled "Controlling Performance-linked Stock Compensation for Controlling Shareholders" has been published in Volume 23, Issue 2 of the Journal of Economic Law.
The paper discusses cases where publicly listed companies grant transfer-restricted stocks to directors or executives who are family members of controlling shareholders. It examines the differences between transfer-restricted stocks and stock options and explores which procedural controls should be strengthened from a corporate governance perspective.
In particular, the paper analyzes the Delaware Court of Chancery's decision to invalidate Tesla's stock compensation package granted to Elon Musk (Tornetta vs. Musk case). This analysis explores how Korea might regulate the granting of transfer-restricted stocks to directors or executives who are family members of controlling shareholders.
For those interested, please refer to the link below for more details.