Saturday, February 23, 2013

Board Term Limits

While term limits for Congress are often discussed, voters do not get a choice on whether to implement term limits. In corporate governance, GE shareholders will be allowed to vote on term limits for the company's board of directors. The proposal would limit the term of an individual on the board to 15 years. Opponents have argued that the proposal is aimed at board members Andrea Jung and Ann Fudge.