Given that GE is considered to be worthy of envy in everything it does, I wonder if will this decision means that other Boards will begin to follow suit.
What number Sigma will we call this one?
Onésimo Alvarez-Moro
See article:
The General Electric Company has adopted a provision that would make it easier for shareholders to force out directors in corporate governance disputes, the company said yesterday.
Directors standing for re-election must offer to resign if more than half of shareholders withhold their votes, the company, based in Fairfield, Conn., said. The board would be required to accept the resignation except for a "compelling" reason.
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