Why Proxy Fights For CEO Seats Need Tougher Look From ISS
Law360, New York (September 11, 2017, 5:12 PM EDT) -- Proxy advisory firm Institutional Shareholder Services Inc.’s lack of a framework for analyzing noncontrol proxy fights that target a chief executive can lend too much support to a contest that goes after the company’s CEO, Skadden Arps Slate Meagher & Flom LLP partner Richard Grossman told Law360 in a recent interview.
ISS, a well-known proxy advisory firm that holds a fair amount of sway among institutional investors, does not have a formal process for evaluating proxy fights that look to remove the CEO when only targeting a minority position on the board, Grossman explained. He wrote about the issue earlier this summer...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!