Extract to table

At its core, Revlon stands for the proposition that when a board undertakes a process to determine the outcome of a critical corporate decision, the board must conduct that process fairly, with adequate information, and in good faith

The search must produce a robust slate of candidates, each of whom receives fair and meaningful consideration

External candidates, by contrast, labor under a structural disadvantage: they lack visibility, they have no track record at AGMG, and they must overcome the natural tendency of directors, employees, and shareholders to prefer the known to the unknown