This week we highlight F. William McNabb III recent keynote address at Lazard’s 2015 Director Event, “Shareholder Expectations: The New Paradigm for Directors.” Mr. McNabb is the Chairman and CEO of Vanguard. This post was published in the Harvard Law School Forum on Corporate Governance and Financial Regulations.
In his keynote address, McNabb discusses Vanguard’s six principles on corporate governance structure, these principles include:
- Independent oversight and, more broadly, appropriate board composition.
- Accountability.
- Shareholder voting rights that are consistent with economic interests.
- Annual director elections and minimal anti-takeover devices.
- Sensible compensation tied to performance.
- Engagement.
Please click here to read his full address.