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New Delaware secretary vows to shore up franchise reputation after corporate‑law headlines; outreach to firms and judiciary planned
Summary
Charani Patibanda Sanchez, Delaware’s new Secretary of State, told the Joint Finance Committee the administration is prioritizing the corporate franchise and is conducting outreach to corporate counsel, registered agents and the courts after recent national news questioning Delaware’s corporate centrality.
Charani Patibanda Sanchez, the newly confirmed Secretary of State, told the Joint Finance Committee that protecting Delaware’s corporate franchise is her administration’s top priority and said the Department of State is conducting outreach to law firms, registered agents, and the judiciary to address recent concern among corporate clients.
“The franchise sits on a balance of a three‑legged stool,” Sanchez said, describing the division of corporations, the state’s lawyers and the Chancery Court as interdependent components of Delaware’s corporate marketplace. She said the department is taking stakeholder feedback and will propose measures and reforms aimed at…
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