Recently, the Delaware Chancery Court opened discussion on the “Enhanced-Independence Director deference for controller transactions. In this presentation, Marc Casarino and Ryan Udell will discuss the related dilemma faced by boards of private equity-funded companies, particularly start-ups where boards typically have a relationship to management the private equity funds. By looking at the ways Kahn v. M&F Worldwide Corp. negated entire fairness, Marc and Ryan will explore other ways to address the concept of entire fairness. Finally, the presenters will analyze the “Enhanced Independence Director concept and the related nuances and competing academic approaches to the concept.