June 5, 2017
Say-on-Pay: Long-Serving Directors Earn “Vote No”
– Broc Romanek
As noted in this article, four institutional investors have banded together for Mylan’s annual meeting to “vote no” on a group of director nominees (with an average tenure of 12 years) – as well as the company’s say-on-pay – because the investors believe that the directors have sat on the board too long. This letter is signed by NYC Comptroller; New York State Comptroller; CalSTRS and PGGM…