The Case For 'Client-Directed Voting'

Law360, New York (January 4, 2010, 11:55 AM EST) -- Each year, investors in public companies have a right to vote their shares on proposals offered by those companies’ boards of directors. In some cases, too, proposals are submitted by other shareholders for consideration.

A typical board-sponsored proposal seeks support for nominees to serve on the board of directors for the following year. A typical shareholder proposal might seek a change in the way the company is governed, such as a mandate to separate the roles of the chairman and CEO.

Unlike institutional investors such as...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.