“In a normal corporate context with the above set of facts, the full board would resign immediately to be replaced by a group nominated by shareholders. In the case of Harvard, however, the board nominates itself and its new members. There is no shareholder vote mechanism to replace them.“
“In a normal corporate context with the above set of facts, the full board would resign immediately to be replaced by a group nominated by shareholders. In the case of Harvard, however, the board nominates itself and its new members. There is no shareholder vote mechanism to replace them.“
“In a normal corporate context with the above set of facts, the full board would resign immediately to be replaced by a group nominated by shareholders. In the case of Harvard, however, the board nominates itself and its new members. There is no shareholder vote mechanism to replace them.“
This is how single party control works.