Earlier quoted context omitted.
> The text in the letter must be approved Employment agreements don't even need to be approved by the CEO, let alone the Board. Delegating this responsibility is fairly common. That said, Sam chose to sign. The buck stops with him, and he has--once again--been caught in a clear and public lie.
I'm not talking about grant-making case by case, but delegation authorization resolution itself. Delaware General Corporation Law has sections describing how it can be done.
How what can be done?
Nothing in Delaware law says the CEO--let alone the Board--has to sign off on every form of employment agreement. That's a classic business judgement.