43 ordspråk av Charles Elson
Charles Elson
The issue is on everyone's radar screen now. If you disregard the shareholder vote, you run the risk of a proxy battle.
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The key is not just to have the role, but what you do with it once you have it.
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The whole idea of parachutes was to keep executives from standing in the way of valid transactions. What they seem to have become, because of their large size, is an incentive to do transactions.
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This indicates some receptiveness to calls for better governance.
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This is the quintessential case of shareholder activism, and we can thank the Gilberts for it,
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This is the quintessential case of shareholder activism, and we can thank the Gilberts for it.
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Those are big numbers. Almost a third of the shareholders who voted are expressing discontent.
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Trading on stock on nonpublic information is legally problematic for the SEC, absolutely. But to get to liability is a pretty long road. It doesn't happen very easily.
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We're seeing board salaries going up all over the place.
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When a consultant does other work for the company, it creates either the actual danger or perceived danger of a conflict of interest. The consultant should either work for the board, or work for the company.
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When they pressure management to defend itself, it creates greater accountability. It forces management to explain its reasoning. The other shareholders can make up their minds whether they agree or disagree. Let the shareholders decide.
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When you see something like this, it begs asking what failure in their system led to this. Why didn't anyone pick it up?
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Wow, he's in an awkward position.
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