The way of Board Governance?!?
Posted on November 4th, 2005 by mlwhall
This article in Businessweek by Peter Burrows, talk about how HP is now going to require that Board members to win a majority of shareholder votes. It is interesting almost ‘HP way’ approach to looking after shareholder interests. However, the board can refuse the resignation. In this post-Enron, Sarbanes-Oxley world it is nice to see this gesture.
It is not quite an earth-shattering move, but it does suggest that there are some leadership moves that are occurring and maybe this will catch to other organizations.
I do not think that this absolves HP of the Compaq merger, but it is at least a start.
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