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The issue of majority voting for directors has emerged as a widely discussed corporate governance topic. This is particularly true with the beginning ...
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As a result of a recent amendment to Ohio law,1 effective January 1, 2008, shareholders of Ohio corporations may require that director candidates rece...
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As a result of a recent amendment to Ohio law,1 effective January 1, 2008, shareholders of Ohio corporations may require that director candidates rece...
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NEW YORK -- Marsh & McLennan Companies, Inc. (MMC) today announced that its board of directors has amended MMC's by-laws to adopt a majority voting st...
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...The Shift in Control to Independent Directors B. Shareholder Influence over Board Composition an...The Rise of the Majority Voting Standard 5. The Elimination of Broker Discrretionary Voting in Director Elections 6. The Dodd-Frank Act and Further Anticipated Chan...
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hampton roads
NORFOLK SOUTHERN BOARD CHANGES GOVERNANCE RULES Norfolk Southern Corp.'s Board of Directors has changed the Norfolk-based railroad's corporate governance guidelines to allow majority voting for directors in uncontested elections. Under the new rules, announced Wednesday, any nominee for director who receives more "withhold" votes than "for" votes will resign. The board will then decide whether to accept or reject that resignation. Previously, a nominee in an uncontested race with more "withhold" votes would be elected, said spokesman Robert C. Fort. Many companies have implemented similar policies, said Charles M. Elson, a corporate governance expert at the University of Delaware.
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... Declassifying the board; Providing for majority voting in director elections; Eliminating superma...
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NEW YORK, Nov. 2, 2011 /PRNewswire/ -- According to a report released today by The Conference Board, the global business research and membership organization, most U.S. public companies believe that their top executive compensation programs do not pose the risk of a material adverse effect on the business. In addition, the study revealed the emergence of new compensation practices and the adoption by some boards of directors of formal policies on how they should engage with shareholders.
The 2011 U.S. Director Compensation and Board Practices Report is based on a survey of 334 public companies jointly conducted by The Conference Board, NASDAQ OMX, and NYSE Euronext between April and June 2011. The Harvard Law School Forum on Corporate Governance and Financial Regulation, Stanford Univer...
...Majority voting is the predominant model of director electi... of majority voting policy for director elections. In the largest revenue group, for example, 80 per...
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DETROIT -- General Motors Corp. said its board of directors voted Tuesday to adopt majority voting for uncontested director elections and to require the reimbursement of executive compensation in cases of misconduct or negligence.
The board, which held an all-day meeting, made no official statement on investor Kirk Kerkorian's proposal to join the Nissan- Renault alliance -- an issue that has been at the center of attention as an Oct. 15 deadline for evaluating the idea approaches.
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... have had little effect on boards of directors' decisions. Occasionally, however, the outcry is s... "it is in reality a gift in part and the majority stockholders have no power to give away corporate .... (23.) See Stephen Deane, Majority Voting in Director Elections: From the Symbolic to the De...