| Budget Amount *help |
¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Fiscal Year 2017: ¥520,000 (Direct Cost: ¥400,000、Indirect Cost: ¥120,000)
Fiscal Year 2016: ¥520,000 (Direct Cost: ¥400,000、Indirect Cost: ¥120,000)
Fiscal Year 2015: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
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| Outline of Final Research Achievements |
This research is to consider the standard of director’s responsibility in negotiations on friendly merger based on discussions in Delaware. I found that recent Delaware case tend to respect the board’s decision on condition that the majority of full-informed and uncoerced shareholders approve the merger. The main cause is the increase of the number of M&A litigation in Delaware, which is different from Japan. But because the similar thought can be seen in some Japanese courts, I can find the connection with the discussion in Delaware.
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