Can you give an example of a company with it their bylaws? I’ve never seen it, and Facebook doesn’t.
https://s21.q4cdn.com/399680738/files/doc_downloads/governan...
https://s21.q4cdn.com/399680738/files/doc_downloads/governan...
The lawsuits may happen, however they also almost never win.
https://corpgov.law.harvard.edu/2020/03/10/directors-fiducia...