Reports From My Nanocosm

I don’t like that directors’ proposals, such as electing directors, are automatically voted in the positive if a shareholder does not actually cast a vote, and all proposals made by shareholders that the directors don’t like are automatically voted against the proposal. Rather, I believe all votes that aren’t actually cast should be registered as “abstained.” I’m sure Yahoo! isn’t the only company with such a slimy policy, and other companies do this,  but it isn’t right.

Maybe I’ll make that proposal for next year’s annual meeting.

Tags: policy

This entry was posted on Thursday, June 7th, 2007 at 6:25 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.