It's a novel idea. Where it's unique is that if directors don't meet internally based targets, they get nothing.
More Quotes from Charles Elson:
No director anywhere from this point on would want to put themselves through this kind of ordeal that the directors at Disney just went through for eight years. Now boards realize they must be more independent and circumspect.Charles Elson
Most institutions frown on dual-class stocks.
Charles Elson
Given the fact that the 'withhold' campaign at Disney is what started this whole brouhaha, I think it's appropriate that Disney adopt this standard, ... I don't believe this makes them a leader in corporate governance practices though I view it as a positive.
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
Frankly, once you commit to a job, you should stick with it unless you have an extraordinary reason. You can dissent, but you are not helping by taking yourself out of the equation.
Charles Elson
When a consultant does other work for the company, it creates either the actual danger or perceived danger of a conflict of interest. The consultant should either work for the board, or work for the company.
Charles Elson
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William Collins
I think I was afraid of what I might say when I got onto someone's stage or in front of someone's camera.
Jeffrey Wright
It is the eve of St. George's Day. Do you not know that tonight, when the clock strikes midnight, all the evil things in the world will have full sway?
Bram Stoker