Litigation

Reuters: making it easier to call special meetings

By Ted Frank

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.

Full post as published by Point of Law on March 17, 2011 (boomark / email).