We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Puts kaput?

4 June 2015 By Reynolds Holding

The so-called “proxy put” gives lenders to a company the option of calling a default if enough board members are ousted. Investors say this impedes their right to vote for directors, and U.S. courts are tending to agree. Boards need to work with shareholders, not sabotage them.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)