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CEOs pledge ‘commonsense corporate governance principles’

Joe Mont | October 30, 2018

CEOs of 20 leading public companies, pension funds and investment firms have signed onto “Commonsense Corporate Governance Principles 2.0,” the follow-up to a 2016 effort intended to “jumpstart a national conversation on corporate governance.”

The new, updated document serves as a written commitment by the signatories to build upon a variety of corporate governance best practices within their own organizations.

Included among the list of updated governance principles:

  • Board members should be prepared to serve for a minimum of three years.
  • If board elections are not annual, companies should explain why.
  • Companies and shareholders are encouraged to engage early on important proxy proposals.
  • Companies should allow some form of proxy access.
  • Poison pills and other anti-takeover defenses should...
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