Majority Voting Now in Majority


BUSINESS TRENDS

Large companies have moved rapidly toward majority voting for directors in the past year, according to a recent study by Neal, Gerber & Eisenberg, a Chicago law firm. More than 52% of the companies in the S&P 500 have now adopted a majority vote policy, bylaw or charter provision. In contrast, only 20% of S&P 500 companies had such a practice just a year earlier.

Previously, directors of most publicly traded companies were elected by plurality vote, which requires only that a nominee receive more shareholder votes than other nominees but not a majority of all votes cast.

Source: Neal, Gerber & Eisenberg, www.ngelaw.com .

SPONSORED REPORT

Keeping client information safe in an age of scams and security threats

A look at the Dirty Dozen tax scams and ways to protect taxpayer information.

TAX PRACTICE CORNER

More R&D tax help

"Can I use the R&D credit?" PATH Act enhancements make the credit more attractive to a wider range of taxpayers.

QUIZ

News quiz: Tax-related data breach explained

News about a data breach that affected about 100,000 people, the IRS’s budget for the fiscal year, and the 2018 health spending account limits received attention recently. See how much you know with this short quiz.