A new Texas law aims to transform the state into a premier destination for corporate incorporation, according to D Magazine. Haynes Boone Partners Brad Foster and Matt Fry spoke with the publication about the advantages the law creates for corporations moving to Texas.
Read an excerpt below.
“If a board acts in good faith and uses its best judgment to make a decision, that shouldn’t be scrutinized—unless there’s clear misconduct,” says Brad Foster, a securities partner at Haynes Boone. “We’ve got great companies and great boards, and they have a right to exercise their judgment without fear of constant second-guessing. That’s not the way to run a company.” …
“There’s already a broad base of lawyers familiar with both Texas and Delaware law, and we’re here and open for business to assist companies,” says Matt Fry, Dallas-based co-chair of Haynes Boone’s capital markets and securities practice. “But the real goal is to get companies to move their operations, personnel, and headquarters to the state of Texas.”
Read the full article from D Magazine here.
