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Google aims to insulate its executives somewhat from shareholder demands.
She has come under fire from shareholder groups for her lack of risk expertise.
Revenues from shareholder litigation and all those rich resident lawyers concentrate minds further.
Boards also see it as a way to shield themselves from shareholder lawsuits.
While it is a technical distinction, it could save the bank from shareholder lawsuits.
In 1995 he led the fight for legislation that protects corporate officers from shareholder suits.
The payout motion was passed despite strong opposition from shareholder groups including the ABI.
While paying lip service to principles of shareholder democracy, companies have fought for decades to insulate directors from shareholder disapproval.
She claims that the notion that companies benefit from "shareholder democracy" is "emotional" and "unsupported by evidence".
But like Liberace he will be crying all the way to the bank, given the hostile reaction from shareholder activists.
Premiums for directors' and officers' insurance, which companies buy to protect their top staff from shareholder lawsuits, have soared.
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CEO of Professional Science Editing for Scientists @ prosciediting.com