More than two-thirds of the companies asked to adopt policies allowing more competition in corporate elections have agreed to do so, City Comptroller Scott Stringer said April 26.
The “Boardroom Accountability Project” was launched in November 2014 as a national push to get corporations to allow shareholders who have collectively owned at least 3 percent of a company for at least three years to nominate challengers to compete against their chosen slates of directors. At the time, only six companies had policies that allowed for more-direct corporate elections; more than 210 corporations have since enacted bylaws, according to the Comptroller’s Office.
This item is available in full to subscribers.
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you have an active digital subscription, then you already have an account here. Just reset your password, if you've not yet logged in to your account on this new site.
If you are a current print-only subscriber, and want access to our website,click here to view your options for changing you subscription level.
Otherwise, click here to view your options for subscribing.
Please log in to continue |