Lemonjuice.Biz newsletter

Our Best Practices View:

Management pay must serve to align the interests of the management and shareholders.  It’s this simple, but most corporations, regulators or even fund managers do not get it.

So let us go point-by-point about compensation:

Compensation Advisors

Shareholder Advisory Vote

Option Backdating

Our Best Practices view:

                An extraordinary shareholders meeting should be callable by 10% or fewer of shareholder votes. 

This is a rough draft

Our Best Practices View:

The standard rule is for 2/3 of the directors to be independent. However, we take a harder look at many factors, including: a) the quality of each director’s independence, b) entrenchment of independent directors, c) the actual need for any executive or non-independent director to be on the board (regardless of the ratios), d) other rules governing board elections, nominations and takeover defense. 

Our Best Practices view:

With one exceptions, described below, we generally do not support shareholder resolutions that amount to management by shareholders, even if such resolutions call for good practices.