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Undercutting CEO Power
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Seven Surprises for New CEOs
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Ellen Callaway, UK

Undercutting CEO Power

In Fortune (Europe, March 12, 2007, no. 4) Geoff Colvin mentions some new rules that decrease the authority of existing (US) CEOs in favor of the shareholders: 1. From 1993, institutional shareholders may discuss companies in which they hold shares with eachother 2. New NYSE and Nasdaq listing requirements after Enron/WorldCom 3. A 2003 SEC rule requires mutual funds to report how they vote their shares 4. Shareholders propose to elect directors by majority vote. 5. Delaware law now holds that if shareholders approve a majority-vote rule, the resolution is binding.

 

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More on Seven Surprises for New CEOs:
Summary
Discussion Topics
topic Chief Enabling Officer
topic Don't underestimate the emotional and positional power a CEO has
topic Even CEOs Need Support from their Team
topic Even CEOs Need Time to Learn...
👀Undercutting CEO Power
topic Alternate Meanings of CEO: Chief Excitement Officer
topic Being a Chief Executive Officer (CEO) is Easy
topic On #6: Shareholder Pleasing is not the Goal
🔥 The Importance of Empathy, Gratitude and Generosity for (New) Leaders
topic 7 More CEO Surprises
topic CEO: the Strategist of Business
topic Combine Top Down with Bottom Up Thinking
topic Assimilating the Right Type of Information
topic The Top Leader's View: A Leadership Labyrinth
topic CEO's Dilemma: Infinite Business Possibilities in a Finite Company!
topic On #3: It's Hard to Know what is Really Going On
topic On #7: Even a CEO is Still Only Human
topic CEO is a Facilitator and Needs Followers
topic Surprises to a CEO: You Need to Deal with Undercurrents
Special Interest Group

SIG Leader

Do you know a lot about Seven Surprises for New CEOs? Become our SIG Leader
Knowledge Center

Seven Surprises for New CEOs
Knowledge Center


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