Law360 (January 21, 2020, 4:39 PM EST) -- In 2020, we foresee investors continuing to both refine and expand their demands on corporate boards. With the particular focus on board refreshment and diversity, significant pressure is placed on nominating and governance committees to play an increasingly prominent role.
Institutional investors and proxy advisory firms have paid increasing attention to the number of corporate boards on which directors serve. During the 2019 proxy season, 5.8% of directors received support levels below 80%, the highest rate in nine years, which can largely be attributed to investors’ changes to, and enforcement of, their overboarding policies.
The Vanguard Group Inc. updated its director...
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