CII petitions to allow split votes in a contested corporate board election

The CII believes the SEC could create a fairer, less confusing voting process

While companies and boards are preparing for 2014 proxy season, the Council of Institutional Investors (CII) is looking to change the rules of the game, if only it can get the Securities and Exchange Commission (SEC) on its side.

The CII has petitioned the SEC to allow shareholders to split votes in a contested corporate board election. The council seeks the ability for shareholders to vote on one ballot for any combination of management and dissident nominees that the investors believe would provide the company with the best long-term value.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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