In the News: Exclusive Forum Charter and Bylaw Provisions

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The Corporate Governance Advisor
The momentum behind exclusive forum provisions in corporate governance documents has been gathering, slowly but unmistakably. These provisions require that specified classes of litigation, including derivative claims, be brought exclusively in the state court of the company’s state of incorporation. 1 Exclusive forum provisions have now been adopted in one form or another by over 80 US public companies.
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