Directors on US boards are being punished by big investors for failings ranging from excessive executive pay to poor independent oversight, with shareholder rebellions on re-elections up more than a fifth this year. There were 1,025 shareholder revolts on director re-elections in 2019 across the Russell 3000, up from 835 in 2018, according to Proxy Insight. The data provider classes a revolt as anything with 20 per cent or more opposition. Read More...
Directors on US boards are being punished by big investors for failings ranging from excessive executive pay to poor independent oversight, with shareholder rebellions on re-elections up more than a fifth this year. There were 1,025 shareholder revolts on director re-elections in 2019 across the Russell 3000, up from 835 in 2018, according to Proxy Insight. The data provider classes a revolt as anything with 20 per cent or more opposition.
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