In what some governance experts have lauded as an innovative move, Swiss food manufacturer Nestlé, as part of a plan to overhaul its outdated statutes, circulated a questionnaire to its shareholders last month, seeking their opinions on five governance features included in the company’s bylaws.
The $76.7 billion food company asked for shareowner input on, among other things, its voting rights cap, which restricts anyone from voting more than 3 percent of the stock.
