Do you believe that directors have the right to approve their own compensation without taking it to shareholder vote? justify your answer and explain what might or might not warrant this.
Excessive Director Compensation at Facebook?In 2014, a shareholder derivative suit was filed in the Delaware Courts alleging that the Facebook Board of Directors violated their duties to their shareholders by paying its nonexecutive directors 43% more than “peers,” despite its net income and revenues being 66% and 49% lower, respectively, than its peers. The peers […]