 | 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.
