Proxy access grants shareholders meeting certain possession requirements without going through a proxy competition that is typical, the right to nominate directors for election to the board. The rule was challenged by US Chamber of Commerce and overturned in July 2011.
Rules governing shareholder proposal procedure were amended so that shareholders could put forward propositions on proxy access at individual businesses, shortly after the rule was overturned. Proxy access didn't garner critical attention during the first two proxy seasons following the rule was amended. Yet in the 2015 proxy season, proxy access proposals were received by over 100 businesses. This case chronicles the disagreement on proxy access from the perspective of institutional investors, shareholders, and the board of directors and direction of US firm.
Proxy Access at Whole Foods Case Study Solution
This is just an excerpt. This case is about ORGANIZATIONAL DEVELOPMENT
PUBLICATION DATE: April 23, 2015 PRODUCT #: 415073-HCB-ENG
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