This is interesting stuff. I don’t see anyway this does not lead to a flood of nominees being proposed by investors should it pass. I also think it leads to chaos the first year and current managements will be unprepared for what comes but in the longer term, it becomes a normalized part of the business and then becomes better for all shareholders.
The less guaranteed job safety and person has in a job, in my opinion the better their performance in that job becomes.
Here is the proposal…
Disclosure (“none” means no position):