Shareholder Proposals on CEO Succession Planning

A recent union-sponsored shareholder proposal is aimed at forcing boards to come clean on their CEO succession planning

There's a new shareholder proposal hitting boardrooms across the U.S. Filed at six companies, including Merrill Lynch (MER), the proposal by the Laborers' International Union of America requests details from boards on their CEO succession plans, getting to the core of one of the most important issues in corporate governance today.

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