Delaware Is Trying Hard to Drive Away Corporations

null By William P. Barr and Jonathan BerryNov. 24, 2023 3:12 pm ETThe Delaware Legislative Hall in Dover, Del. Photo: handout/ReutersDelaware wasn’t always the go-to state for corporate law. And if it escalates its flirtation with environmental, social and governance investment principles, the First State might end up losing its privileged status, just like its neighbor once did. New Jersey became “the mother of trusts” in the late 19th century by pioneering incorporation laws that gave companies unprecedented freedom. But the Garden State lost that title in 1913 when Gov. Woodrow Wilson set out to correct perceived abuses by making executives liable for corporate “irresponsibility.” Companies responded by fleeing the state. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Continue reading your article witha WSJ subscriptionSubscribe NowAlready a subscriber? Sign InSponsored OffersAmerican Eagle Outfitters: Save an extra 30% at American E