A new front has opened in the long, litigious battle between shareholders and corporations. At issue in these cases is whether shareholders can force companies to place shareholder proposals on proxy statements for a shareholder vote. Litigation offers shareholders the leverage to gain "more access to the ballot and more power in the corporation," said Larry E. Ribstein, business law professor at the University of Illinois College of Law.
October 17, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A new front has opened in the long, litigious battle between shareholders and corporations.
In the past, investors used litigation to guarantee boards of directors greater oversight power over management and to oust board members when accounting scandals happened on their watch.
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