Extract to table

As further discussed in Section V below, the composition of the Board raises conflict-of-interest considerations that must be carefully managed in the context of the contemplated restructuring

Vice Chancellor Strine emphasized that directors of a corporation in financial distress must exercise heightened care and should not take actions that improperly divert value from creditors to equity holders

The Company's enterprise value — as assessed on a preliminary basis by Hargrove Advisory Group LLC — must be evaluated to determine whether the Company's assets, fairly valued, are sufficient to cover its obligations

The practical consequence of this framework is that directors of an insolvent (or potentially insolvent) corporation must avoid actions that favor one constituency at the expense of the corporate enterprise as a whole