A few years ago, something that appeared incorrect might not be changed. Today, with heightened concern over complete accuracy, the definition of materiality has gotten a lot broader.
More Quotes from Charles Elson:
It's a novel idea. Where it's unique is that if directors don't meet internally based targets, they get nothing.Charles Elson
Trading on stock on nonpublic information is legally problematic for the SEC, absolutely. But to get to liability is a pretty long road. It doesn't happen very easily.
Charles Elson
When they pressure management to defend itself, it creates greater accountability. It forces management to explain its reasoning. The other shareholders can make up their minds whether they agree or disagree. Let the shareholders decide.
Charles Elson
Because of a greater focus on governance, the resignation of a director certainly has a greater weight attached to it. Boards have greater power. In the past, directors just faded into the sunset.
Charles Elson
The issue is on everyone's radar screen now. If you disregard the shareholder vote, you run the risk of a proxy battle.
Charles Elson
Any time you separate economic interest from voting interests, it leads to all kinds of problems. It lessens the accountability. I haven't heard of any good reason for dual-class stock. I think the proposal will strike a chord with a lot of people.
Charles Elson
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Based on Topics: Definition QuotesBased on Keywords: materiality
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