Harvard Law School Forum on Corporate Governance and Financial Regulation
Activists are Hereby on Notice: Board Authority to Reject Deficient Director Nominations
April 16, 2018
In a closely watched decision, the Superior Court of Washington for King County in Blue Lion Opportunity Master Fund, L.P. vs. HomeStreet, Inc., No. 18-2-06791-0 SEA, affirmed the authority of a corporation’s board of directors to reject a notice of director nominations and shareholder proposals for failure to comply with an advance notice bylaw.
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