Contact us at (949) 353-6347

    Would Glass Lewis Have Anything To Do If It Were Consistent?

    Ralph Waldo Emerson famously derided a foolish consistency, famously writing in his essay, Self-Reliance:

    Glass Lewis, section 602(a), Supermajority vote, Bob Lamm, California Corporations Code, Corporate Governance, proxy voting guidelines, Section 902(a)

    Continuing Confusion About Shareholder Approval Requirements

    I continue to read confused statements in proxy statements about the vote required for shareholder action.  The default voting rule in Delaware is found in Section 216(2) of the Delaware General Corporation Law:

    section 602(a), Section 216, Corporate Governance, abstentions, dgcl, entitled to vote, stockholder approval, votes cast

    1