Corpus ID: 56524549

Understanding Uncontested Director Elections: Determinants and Consequences

@inproceedings{Ertimur2015UnderstandingUD,
  title={Understanding Uncontested Director Elections: Determinants and Consequences},
  author={Yonca Ertimur and Fabrizio Ferri},
  year={2015}
}
We examine the determinants and consequences of voting outcomes at uncontested director elections. Exploiting a unique hand-collected dataset of the rationale behind proxy advisors’ recommendations—the primary driver of voting outcomes—, we document the director and board characteristics that voting shareholders focus on (as well as those that they neglect), their evolution over time and their relative importance. We find that the percentage of votes withheld from directors increases with the… Expand
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