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The compromises of tenure


Lawyer Neill May
Area Corporate Finance and Securities


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.

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