Boardroom battlefield – winning the right to re-elect directors in company boards
Corporate governance practices continue to evolve in the US, with increased focus on board and director-related practices. In today's challenging environment – marked by public distrust of corporate management and board 'insiders' and increased shareholder activism – the US corporate governance environment is a battleground. Over the past decade, traditional proxy advisory groups – such as Glass Lewis and International Shareholder Services (ISS) – and several corporate reform groups have gained significant influence over many corporate issuers and institutional investors with respect to corporate governance practices.
While some companies have resisted the campaign to split CEO and chairman roles, Skadden partners Lorenzo Corte and Scott Simpson write that shareholders have been hugely successful in winning the right to annually re-elect directors
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