https://berkonomics.com/?p=579&utm_source=rss&utm_medium=rss&utm_campaign=board-members-should-be-elected-annually Dave Berkus' business insights Tue, 28 Sep 2010 23:48:03 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://berkonomics.com/?p=579&cpage=1#comment-671 Tue, 28 Sep 2010 23:48:03 +0000 https://berkonomics.com/?p=579#comment-671 Dave, great astute observatons as always. Annual shareholders’ meetings are always a wise thing, but I think you meant that the proxies are to vote for directors not officers. It is the responsibility of the board to elect the officers, not the shareholders unless it is a close corporation. Re stock option plan, companies should not be limited to stock options especially when the value is such that restricted stock can be purchased by employees, consultants and directors. Assuming Obama and his minions do not destroy capital gains treatment, restricted stock is a great way to build wealth.

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