I’m pretty sure WilmerHale chose that word carefully. I do not see an implication that it was not justified. Moreover, as the statement says, boards have very broad discretion over this kind of stuff. So “not mandated” says very little indeed!
I’m pretty sure WilmerHale chose that word carefully. I do not see an implication that it was not justified. Moreover, as the statement says, boards have very broad discretion over this kind of stuff. So “not mandated” says very little indeed!