by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is Say-on-pay? Say on pay describes a periodic process required by the law in which the shareholders of a firm can vote on the payment or remuneration of executives and general compensation policies. Say on pay explains the ability of shareholders to actively...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
Staggered Board (Classified Board) Definition A Board of Directors that is made of different classes of directors serving for different term lengths is called a Staggered Board or a Classified Board. Staggered Board elections are held annually to elect, re-elect, or...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Silent Partner? Silent Partners are investors in a business whose sole responsibility is providing capital. They do not get involved with the day to day operations of the business, nor have any voting rights. There job is done once the money exchanges hands....
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is a Shareholder-Sponsored Proposal? A Proposal put forth to all shareholders of a company for the annual proxy voting, sponsored by one of the company’s shareholders or a group of the company’s shareholders, is called a Shareholder-Sponsored...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is the Sarbanes-Oxley Act? The Sarbanes-Oxley Act (SOX Act) was passed by the congress of the United States on July 30, 2002, this act is also called the Corporate Responsibility Act of 2002. This act was enacted to safeguard investors from corporate fraud which...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is Plurality Voting? A Plural Voting system, as opposed to a single winner electoral system, is one in which each voter casts one vote to choose one candidate amongst many, and the winner is decided on the basis of the highest number of votes garnered by a...
