Governance Edge | Understanding Dexit: What Board Directors Need to Know About Texas Redomiciliation
Автор: NACD Texas TriCities Chapter
Загружено: 2025-12-10
Просмотров: 42
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Redomiciling from Delaware to Texas isn't just a trend—it's a fundamental shift in how boards think about predictability, risk, and judicial oversight.
In our latest episode of The Governance Edge, Travis Wofford, partner at Baker Botts and member of the Texas state bar committee that drafts the Texas Business Organizations Code, joins Jenn Cox, executive director of NACD Texas TriCities, to explore what's behind the so-called DEXIT and what it means for boards, general counsel, and investors.
Along with Texas's new business court and sweeping statutory reforms, Wofford and Cox cover:
Why Texas is positioning itself as the Delaware of the 1990s—predictable, business-friendly, and built on clear rules
Key changes: the codified business judgment rule, enhanced indemnification, limits on derivative suits, and jury trial waivers
How institutional investors and proxy advisors are responding (and why ISS and Glass Lewis remain skeptical)
Which companies are most likely to consider redomiciling and what success looks like for Texas beyond just incorporation
This conversation is filled with practical insights for directors evaluating their corporate domicile strategy.
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