In today’s briefing:
- Board Independence Is Demonstrated by Whether It Is Aligned with Common Shareholder Goal
Board Independence Is Demonstrated by Whether It Is Aligned with Common Shareholder Goal
- While shareholder proposals, including those from activist investors, should be considered from independent perspective, it’s clear that even companies with high-% independent directors don’t necessarily get along with activist investors.
- Board independence is not a question of the number or ratio of independent directors; rather, it is a question of whether independent directors are truly functioning on the board.
- If the loss of cash results in missed investment opportunities to expand corporate value, this would conflict with interests of shareholders, so subsequent increases in market capitalization should be verified.
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