• Recent Developments Regarding Majority Voting in Director Elections
  • December 9, 2005
  • Law Firm: Foley & Lardner LLP - Milwaukee Office
  • The issue of majority voting for directors has emerged as a widely discussed corporate governance topic. This is particularly true with the beginning of this year's annual meeting season, as many companies may be faced with the issue, whether as a result of shareholder proposals or otherwise. This Update addresses recent developments relating to the majority vote debate, including institutional shareholder actions and shareholder proposals, considerations regarding a change from the plurality voting standard, corporate governance policy changes that some companies are adopting in response to the issue and the recent policy update of Institutional Shareholder Services (ISS) on majority voting.