Hostile M&A: Special Compensation Arrangements with Dissident Director Nominees
Morrison & Foerster’s “Unsolicited Views” letter By Ted Powers and Jeffery Bell Certain activist shareholders involved in proxy contests have offered special compensation (e.g., a fee for agreeing to be nominated on the activist’s slate or performance-related bonuses after election) to their director nominees. Activists state a desire to compensate nominees who commit time and […]
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