Skip to content
Subscriber Only

McDonald's Franchisee Board Seat Eyed After Years of Discord

  • Restaurant owners create company value, investment firm says
  • Chain is moving to become more franchised to lessen risk
Updated on

McDonald’s Corp. franchisees, which have had a strained relationship with the fast-food giant’s management in recent years, could nab a board seat if one investor gets its way.

Segal Marco Advisors, a financial and investment consulting firm, is recommending that franchisees get a new kind of preferred stock that lets them elect their own board member. The shareholder proposal argues that restaurant operators, who own 85 percent of McDonald’s stores globally, pay company royalties and create value for the chain.