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https://lnkd.in/d3CVUUcG Liz Dunshee - Liz makes some good points here. Many people don't know the definition of "lengthy director tenure". As disclosed in the article, its defined as tenure surpassing 9 years. Consider what is discussed in this article as you plan for your next annual meeting as well as any review of your governance practices. Take a look at the makeup of your shareholder base. Understand how your key investors evaluate board tenure and which investors could be prone to activism related activities. From the article "As boards review their own composition for skills and other attributes, they should explain to investors the value that long-serving directors bring to the board" This article is a good read. While working with your advisors and legal counsel - consider making a strong case in the proxy and disclose the experience and value your board brings to the table.
Lengthy Director Tenures Are Giving Ammo to Activists | The Corporate Counsel A new blog post by Senior Editor Liz Dunshee. #CFO #proxyseason #investors #tenure #corpgov https://lnkd.in/g_CiGM37
