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7min chapter
Navigating Challenges in Distressed Companies with Becki DeGraw | Wilson Sonsini Startup Legal Basics
This Week in Startups
Navigating Board Responsibilities in Distress
This chapter explores the intricate responsibilities and liabilities of board directors in distressed companies, focusing on the necessity of documented decision-making to safeguard against litigation. It also discusses the ethical dilemmas faced by board members, particularly regarding dissenting votes and the implications for equity and investor interests.
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