Majority Voting and Other Director Election Developments

— August 2010
  • What is majority voting?
  • How many companies moved to a majority vote standard?
  • How does a company implement a majority vote system?
  • What happens if a nominee doesn’t receive the requisite majority vote?
  • What are some of the other issues or problems that can arise with a majority vote system?
  • Are many companies moving to de-classify their boards of directors in connection with adopting a majority vote standard?