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"The majority of directors here have other idols: Coppola, Scorsese".
Today regulations require that a majority of directors be independent, a practice that was previously optional.
But the board faces a shake-up, with the Treasury insisting that the majority of directors be independent.
Yet, it can take two years or more to replace a majority of directors on a staggered board.
Roche proposed to amend Ventana's by-laws to expand Ventana's board to elect a majority of directors proposed by Roche.
A recent survey found that a majority of directors have had some previous experience with their corporations.
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Yet boardroom fears of this "revolution" seem a tad overblown.The vast majority of director elections in America are uncontested: board-nominated candidates run unopposed.
Thanks to a quirk in Illumina's bylaws, Roche is also seeking shareholder approval to claim two additional seats on the board, effectively taking over a majority of director positions.
According to corporate governance standards in the US [1], traded corporations are required to have a minimum of three directors in their board and a majority of outside directors [2], [3].
Mr. Hargrove responded that the audit and compensation committees were made up entirely of independent directors and that Wal-Mart required a majority of its directors to be independent.
The board will in future have a majority of independent directors - including an independent chairman and five independent non-executive directors.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com