Activists who want to change corporate policy now have a weapon. Its a new SEC Rule that allows shareholders to nominate their own Directors and to vote on their appointment.
This new rule gives labour a new weapon to fight corporate mismanagement, or greed, shareholders are now able to field their own candidates for corporate boards and place them on the same ballot as management’s picks. This competitive edge could make a difference in the way public companies act, and in their management practices.
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