It’s shareholder meeting season, which means the proxy votes will be rolling in. As corporate boards receive these results of shareholder votes, a framework on how to respond may be helpful. After all, these days corporate ballots may include shareholder proposals on any issue of social significance, without regard to its significance to the company, from animal rights to zoning. Moreover, there are no rules in this area of advisory shareholder votes, leaving it to the board’s judgment whether a proposal should be deemed passed and what action, if any, should be taken. Read more >>