"27 Goodmans partners among the leading Canadian lawyers." - Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada
Goodmans Publications

The compromises of tenure

April-1-2017

Lawyer Neill May
Area Corporate Finance and Securities

Summary

Article originally published in the Canadian Lawyer Magazine, April 2017

Excerpt from "The compromises of tenure":

The Allstate Corporation recently received a shareholder proposal requesting that its board adopt a rule that, wherever possible, its lead director have less than 12 years tenure on the board. The stated rationale for the proposal was a concern that a longer tenure compromises director independence.

Download PDF