NasdaqGS:TTWOEntertainment
Take Two Interactive Software (TTWO) Seeks Shareholder Backing To Limit Officer Liability
Take-Two Interactive Software (NasdaqGS:TTWO) has proposed an amendment to its Certificate of Incorporation to limit certain officer liability, as permitted under Delaware law.
The Board is asking shareholders to approve an Officer Exculpation Amendment that would affect how direct shareholder claims, including class actions, can be brought against specific executives.
The proposal does not cover breaches of loyalty, bad faith, intentional misconduct, or improper personal gain, and focuses...