The Election of Corporate Directors: What Happens When Shareowners Withhold a Majority of Votes from Director Nominees?

 In theory, the most significant coroporate governance check and balance between public company shareholders and the company is the ability to elect corporate directors. In reality, that control mechanism is complicated and often compromised for a host of reasons. Nonetheless, there has always been an increased focus on director elections in the past few years. This study examines what happens when shareowners withold a majority of votes forom a director nominee.

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