Ed Durkin
Ed Durkin
boards
If they know they have to get elected, that it's not a foregone conclusion, then boards become better-functioning entities.
judgments translate vote
Shareholders will be able to make better judgments about compensation, and that can translate into how you vote for directors.
adopted companies direction majority mass movement prompt thoughtful
Once you show that important, thoughtful companies have adopted majority voting, you could prompt a mass movement in that direction.
aggressive bad boards designed directors entities rid run system
We don't think that is the right reform. This isn't just a system designed to get rid of bad directors or run directors out. It's designed to say to every director, 'you have to get elected.' We want to make every director accountable. . . . If they know they have to get elected, that it's not a foregone conclusion, then boards become better functioning entities and more aggressive in how they do their job.