Perspective: Changes in board elections likely to affect the balance of power

The move to a majority-vote standard in board elections and proposals to let shareholders nominate director candidates are reshaping the balance of power between corporations and investors. As the roles, rights, and responsibilities of executives, directors, shareholders, and other stakeholders shift, the designs and decision processes used for executive compensation programs -- a lightning-rod issue -- are likely to evolve as well. This Perspective describes the complexities and challenges posed by pending governance changes and identifies probable consequences for boards and management.  (Perspective, 12 Oct 2007, 8 pages)

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