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Reuters: making it easier to call special meetings



A Reuters story notes that corporations are floating proposals making it easier for shareholders to call special meetings in response to similar shareholder-activist proposals: in an interesting political trick, the board proposals create a 25% threshold of shares rather than the 10% being proposed by activists, thus stealing thunder from activists without making it too easy to call a meeting. MI's Proxy Monitor is quoted.

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Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.