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Towards The Declassification Of S&P 500 Boards, Scott Hirst, Lucian A. Bebchuk, June Rhee
Towards The Declassification Of S&P 500 Boards, Scott Hirst, Lucian A. Bebchuk, June Rhee
Faculty Scholarship
This report provides an overview and analysis of the work that the Shareholder Rights Project (SRP) undertook on behalf of a number of institutional investors during 2012 and 2013, the SRP’s first two years of operations. During 2012 and 2013, the SRP worked on behalf of eight SRP-represented investors on board declassification proposals submitted for a vote at the 2012 and/or 2013 annual meetings of 122 S&P 500 and Fortune 500 companies, and this work has produced substantial results:
100 Negotiated Outcomes: Negotiated outcomes involving a commitment to board declassification were reached with 100 S&P 500 and Fortune 500 companies, …