Kit Bingham
An increasingly rare breed
‘Board balance has shifted dramatically ... Today, half of all FTSE 100 companies have only the chief executive and finance director as management members of the board. In the FTSE 250 index, about two-thirds of companies have only those two officers serving as directors.’
Mauro Rodrigues da Cunha
Conclaves
‘According to [Brazil’s] major custodian of foreign investors, approximately 30 per cent of all voting instructions received are made void because of expired proxies. Additionally, the lack of a stamp can be used as the reason to contest a specific shareholder – usually the one that wants to vote against the Board of Directors’ decisions.’