In the Margins
The Securities and Exchange Commission said Wednesday it will consider allowing investors to pick directors from a single ballot, in what would be the latest move to open up the governance process of large corporations. The rule changes to be considered also could empower activist investors looking to add directors to corporate boards, depending on the recommendations of the agency's staff. Read the original story from Reuters.
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Recruitment can be an exhaustive undertaking for a mutual fund board, particularly if a number of departures take place at once or in close succession. But ...