The Election of Corporate Directors: What Happens When Shareowners Withhold a Majority of Votes from Director Nominees?
IRRC Institute and GMI Ratings - August 16, 2012
In theory, the most significant corporate governance check and balance between public company shareowners and the company is the ability to elect corporate directors. In reality, that control mechanism is complicated and often compromised for a host of reasons. Nonetheless, there has been an increased focus on director elections in the past few years. This study examines what happens when shareowners withhold a majority of votes from a director nominee.Download Full Report
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