Undercutting CEO Power

Seven Surprises for New CEOs
Knowledge Center

Forum

New Topic

Ellen Callaway

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.

Start a new forum topic

 

More on Seven Surprises for New CEOs:
Summary
Special Interest Group

Do you have a keen interest in Seven Surprises for New CEOs? Become our SIG Leader

Seven Surprises for New CEOs
Knowledge Center



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.8 - Last updated: 27-9-2021. All names of their owners.