Lynn Stout has been in the forefront of those asking us to reexamine the role of shareowners. For decades, the possibility that minority shareholders in public firms might use their power in self-serving ways attracted little attention. However, she argues that until recently minority shareowners have been largely passive. When minority shareowners have become activists, […]
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Dodd Bill: Majority Vote Provisions
James McRitchie, 03/16/2010 ,
Senator Dodd finally introduced his bill. I’m sure it will get a massive coverage and comment. I will have little to add. Find a quick overview at The Corporate Library (Dodd’s Bill, 3/15/10). The Dodd Bill: Weighing In at a Portly Six Pounds, by Broc Romanek at TheCorporateCounsel.net/Blog provides the best guide I’ve seen. However, […]
Apache v Chevedden: SEC Rules Don't Reflect Reality
James McRitchie, 01/21/2010 ,
I was delighted to see Broc Romanek coverage of the controversy surrounding Apache v Chevedden, although he did so in a members only area of theCorporateCounsel.net. I hope the case gets a lot of attention. Yesterday, I was discussing a table I am working on that shows some of the rights denied to street name […]
Apache Files Slapp Suit: More Support for DRS
James McRitchie, 01/15/2010 ,
As reported in Risk & Governance Blog (1/13/10), theCorporateCounsel.net Blog (1/13/10), GlobalProxyWatch (1/15/10), and by Gary Lutin via e-mail (1/15/10), Houston-based Apache has sued shareowner activist John Chevedden, contending that he failed to meet the proof-of-ownership requirements in SEC Rule 14a-8(b) required to submit a resolution. See Apache v Chevedden. Chevedden provided documentation of his ownership but […]