The Shareholder Rights Project’s Mid-Year Update

The Harvard Law School Forum on Corporate Governance and Financial Regulation 2013-07-10

Summary:

Editor's Note: Lucian Bebchuk is the Director of the Shareholder Rights Project (SRP), Scott Hirst is the SRP’s Associate Director, and June Rhee is the SRP’s Counsel. The SRP, a clinical program operating at Harvard Law School, works on behalf of public pension funds and charitable organizations seeking to improve corporate governance at publicly traded companies, as well as on research and policy projects related to corporate governance. Any views expressed and positions taken by the SRP and its representatives should be attributed solely to the SRP and not to Harvard Law School or Harvard University. The work of the SRP has been discussed in other posts on the Forum available here.

In a news alert released yesterday, the Shareholder Rights Project (SRP), working on behalf of eight SRP-represented investors, announced the substantial results of the work by the SRP and SRP-represented investors during the first six months of 2013, as well as the aggregate impact of their work during 2012 and 2013.

Produced Large-Scale Reforms: As a result of the work of the SRP and SRP-represented investors, 77 S&P 500 and Fortune 500 companies declassified their boards of directors during 2012 or the first half of 2013. The companies that declassified:

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Link:

http://blogs.law.harvard.edu/corpgov/2013/07/10/the-shareholder-rights-projects-mid-year-update/

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Tags:

boards of directors corporate elections & voting shareholder proposals institutional investors classified boards illinois state board of investment los angeles county employees retirement association lucian bebchuk nathan cummings foundation north carolina state treasurer ohio public employees retirement system scott hirst shareholder rights project staggered boards program research precatory proposals florida sba prim school employees retirement system of ohio june rhee

Authors:

June Rhee, Co-editor, HLS Forum on Corporate Governance and Financial Regulation,

Date tagged:

07/10/2013, 13:10

Date published:

07/10/2013, 09:34