You are here: Home » International » News » Companies
Business Standard

Google parent moves to a majority voting approach for directors

Going forward, members of the company's directors will be elected by a majority vote, according to a company filing on Monday. The board approved the decision last week

Topics
Google | Alphabet | Sundar Pichai

Bloomberg 

google
Previously, Alphabet’s board operated on a plurality voting system -- a director is elected if she gets more votes than opposing candidates

parent Inc. said it altered rules for electing board members, switching to a system considered better for corporate accountability.

Going forward, members of the company’s directors will be elected by a majority vote, according to a company filing on Monday. The board approved the decision last week.

Previously, Alphabet’s board operated on a plurality voting system -- a director is elected if she gets more votes than opposing candidates. Since most board candidates run uncontested, this system virtually guaranteed the company’s choice.

“It’s some indication that they’re hearing that shareholders want more accountability,” Jill E. Fisch, a professor at the University of Pennsylvania Law School. “It’s kind of a symbolic gesture.”

has been criticized by some small shareholders over its products, political decisions, handling of sexual harassment complaints and share structure. Google’s co-founders, Larry Page and Sergey Brin, still own super-voting shares, giving them control of the company.

appointed two directors last year to its 11-person board, which includes the founders Page and Brin as well as Chief Executive Officer

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, October 28 2020. 01:36 IST
RECOMMENDED FOR YOU