Lululemon’s Phantom Director
Can a public company have a phantom director and refuse to answer questions about it? Lululemon Athletica thinks so. But will it prompt big investors to take a tougher stand on director elections?
The Bark Now, Bite Later Strategy
Vanguard and Blackrock, two of the world’s largest fund managers, recently warned corporate boards to expect tougher scrutiny on governance issues during this year’s proxy balloting. Growling like this can be an effective communication strategy, up to a point.