Proxy Contests, Market Tests, Capitalism, and a Dealbook #Fail

Steven Davidoff Solomon, the “Deal Professor,” has written the latest in the most recent installment of the perennial and increasingly shrill attempts to sell a story about how rebel shareholders are becoming less successful in making changes in under-performing companies.  You know, a Wall Street version of “The Empire Strikes Back.”   But neither his…

Insights on Governance

“…[C]orporate hegemony won’t be overthrown so easily. It depends on a culture that values and demands accountability… and it demands that those with a majority stake in the corpocracy — its principal owners and beneficiaries — lead the way back to the broad light of day.” Robert A.G. Monks, Corpocracy. Hoboken: John Wiley & Sons,…

Should More Boards Include Women? Should More Women Be on Boards?

The New York Times has three opinion pieces on the subject of women on boards.  All are by women and all acknowledge that there are qualified female candidates for corporate boards, but they have different perspectives. Catalyst’s Brande Stellings says that diverse boards are good for business.  “At Catalyst, we reviewed dozens of studies to…

Comments to the SEC on Proxy Voting by Retail Investors

We have submitted a comment to the SEC to extend and amplify the comments at their January hearing on improving proxy voting participation by retail investors.  Other comments, including those by James McRitchie, CII, and the Fellows of the Corporate Governance of Harvard Law School, are well worth reading. Our comment focused on responding to…