Companies that have adopted majority-voting policies or bylaws are still in the minority, but that's changing rapidly, mounting evidence suggests.
As public companies increasingly adopt tougher voting standards for board election, corporate executives should expect to see the balance of power tip toward shareholders this proxy season.
Indeed, corporate directors who aren't sanctioned by investors will likely encounter tougher sledding now that many companies are abandoning the plurality model of board elections. For years, plurality voting almost always ensured that in an uncontested election, nominees slated by the board would win.
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