Are more companies voluntarily making changes to their governance practices? It is starting to appear this way ... maybe.
In the past few weeks, a number of companies have taken it upon themselves to institute changes on a number of major issues that have recently been raised by investors, activists and governance specialists.
For example, a number of companies have voluntarily put up to vote proposals calling for the annual election of directors.
"In deciding to recommend declassification of the board, we considered the arguments for and against continuation of the classified board, listened to stockholder views concerning this matter, and determined that ...