29 Apr '16, 1pm

Verisign facing its own activist investor

Verisign facing its own activist investor Kevin Murphy , April 29, 2016, 13:49:18 (UTC), Domain Registries While new gTLD registries Rightside and Minds + Machines have faced board-room challenges by activist investors in recent months, it seems industry heavyweight Verisign is contended with a similar problem. John Chevedden, once described as an “economy class” activist due to his relatively small stakes, is attempting to give smaller Verisign shareholders the ability to propose directors for the company’s board. Rather than attempting to gut the companies he invests in, he tries to make the odd incision into their corporate governance in order to give smaller investors a greater voice in their companies. He’s filed a proposal , which will be voted on at Verisign’s June 9 annual general meeting, for a new “proxy access” bylaw. Essentially, the proposal would allow an unl...

Full article: http://domainincite.com/20370-verisign-facing-its-own-act...

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