A longtime push by Netflix Inc. investors for more democratic practices at the streaming-video pioneer reached new heights at the company’s annual meeting this year.
Netflix investors have been voicing their discontent with the company’s corporate governance for years. Institutional Shareholder Services, the influential proxy advisory firm also known as ISS, noted in its research report about the company that since 2012, Netflix shareholders have passed more than 20 resolutions, “the vast majority of which have not been implemented.”
Withholding votes from board directors “is not something we do very often, certainly not at companies of this scale and prominence,” Bailey added. But he called it an “escalation step to signal our disappointment.” The company can do this because it has a plurality voting standard for board directors, something shareholders have tried but failed to change in the past few years. The ISS notes: “Netflix has consistently acknowledged that its corporate governance structure is unconventional. The board asserts that this has provided the board and management ‘the freedom to be forward-thinking.'”
Bailey called it “even more egregious” that Netflix shareholders remain mostly powerless considering the company does not have a dual-class stock structure, like other companies whose founders have majority control.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion: What’s a better investment? Bitcoin or a Roth IRA?OPINION: A Roth IRA won’t dazzle your friends or give you bragging rights or make you a quick millionaire. But it may be a better investment vehicle than crypto, Paul A. Merriman writes. thanks Lmfaooooo enjoy 7% returns boomer Yeah I'm sure the people who got into Bitcoin at sub 1k are pissed they didn't put it into a Roth 🙄😂
Source: MarketWatch - 🏆 3. / 97 Read more »
GameStop’s retail investors are waiting to be bullish about Wednesday’s earnings reportGameStop is set to report earnings after market close today, as if it mattered to the company’s stock price. As was the case in March, GameStop’s results are likely to have less of an impact on how the stock is traded: CoyGreen Seldersrama
Source: MarketWatch - 🏆 3. / 97 Read more »
Mining Companies Call Themselves Green in Push for Investor CashMining companies are trying to tap into the flood of cash targeting green investments by touting their production of materials that go into wind turbines, power lines and batteries Couple of months ago I came across a recommendation about GeorgeLinf32 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him _Alexander56 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success Next is trash companies claiming to be green by cleening up people's mess
Source: WSJ - 🏆 98. / 63 Read more »