Corporation Law

FACTS: No director of this corporation shall be liable to this corporation or its stockholder for monetary damages for breach of fiduciary duty as Director, except for liability 1.) for any breach of the director's duty of loyalty to the corporation or its stockholders, 2.) for acts or omissions not in good faith or which involve intentional misconduct or knowing violation of the law; 3. Under Section 174 of the Delaware General Corporation Law; or 4.) for any transaction from which a director derived an improper benefit.

QUESTIONS:

1. What do you think a board would put this in the charter?

2. do you think that is good for the company? for shareholders? for directors?

Give your reference.