Article Writing
The question remains as to whether Mark Zuckerberg failed to comply with Delaware corporate law, where the company is incorporated, in circumventing shareholders by signing off on directors’ stock grants instead of presenting it at a shareholders’ meeting.
Do you believe that directors have the right to approve their own compensation without taking it to shareholder vote? Please justify your answer and explain what might or might not warrant this.
Did Zuckerberg break the law by not bringing the compensation issue up in a stockholder meeting?
What is an appropriate level of director pay? Is the proposed compensation in the Facebook situation excessive? How might this be determined?
Institutional Shareholder Services, a proxy advisory firm, has noted that there is “too much work and too much time” required of directors; could this justify higher director pay?
