Last week I demonstrated the interesting phenomenon of stock market investors who were willing to buy shares and, in some cases, at a high price-to-earnings ratio of companies that had openly stated that they were not interested in having independent directors, having a committee to nominate directors or a committee to review compensation terms for management.
One more thing, these companies had little to no shareholder rights. Among the egregious governance dodgers are the “little-known” Google (or rather, Alphabet, its parent), Berkshire Hathaway and Facebook.
