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CII Urges Better Disclosure of Board Self-Evaluations

Joe Mont | September 8, 2014

Companies in the U.S lag behind their international counterparts when it comes to comes to informing shareholders of their process for director self-evaluations, the Council of Institutional Investors says in a new report that urges improved disclosures on that front.

“While most major U.S. companies have a self-assessment process for the board in place, their proxy materials often merely state this fact without elaborating on what the process entails,” the report, entitled “Best Disclosure: Board Evaluation,” says.

“When making voting decisions about directors, shareholders value detailed disclosure of the board...

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