Sodali 2015 Client Memorandum
10 October 2014
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In 2015 shareholders will be pushing for an answer to the most basic governance question: “How effective is the board of directors?” In this year’s Client Memorandum (attached) we make a case for direct communication between directors and shareholders, but on a limited basis under strict control of management and the board. We believe that a well-managed program of board transparency and communication with shareholders can produce substantial benefits for companies, not least of which would be to reduce the threat of being targeted by activists.
Client Memo 2015 has been posted on the Harvard Law School blog, here is the link: Harvard Corporate Governance blog
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