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Boards Get More Independent, but Ties Endure

Outside directors have connections to companies and executives they oversee
Original publication date: 
Tuesday, January 19, 2016 - 15:16

Shareholders like their corporate boards stocked with independent directors—men and women unencumbered by close ties to the company or its executives.

Here is how four companies are ignoring their shareholders’ votes

NYSE Euronext

Forget majority rules. In US-style corporate elections, it’s rarely so simple.

Investors can complain as loudly and clearly as they like, but corporate boards are often free to ignore them, with few or no immediate consequences. That’s true whether the protest involves ousting a board member or changing how the company does business.

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