Shaking Up Your Board of DirectorsBeverly Behan
A series of potential legal changes that could make it easier for shareholders to nominate corporate directors is looming large. These include changes in Delaware law to permit the adoption of bylaws enabling shareholders who propose their own directors to be reimbursed for related expenses, an SEC proposal allowing investors with 1% or more in stock holdings to nominate board candidates, and a Shareholder Bill of Rights proposed by Senators Charles Schumer (D-N.Y.) and Maria Cantwell (D-Wash.).
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Bitcoin Futures Deliver Wild Ride as Debut Brings Rally, Halts
- Investors Told to Brace for Steepest Rate Hikes Since 2006
- A Manager of $42 Billion Fears Bubble in World's Biggest Stocks
- World's Second-Tallest Building Opens With a Whimper After Delay
- Longtime NPR Host Tom Ashbrook Is Facing Misconduct Allegations