Appeared on July 17, 2009
Dr. Ralph Walkling, executive director of the Center for Corporate Governance at Drexel University's LeBow College of Business, says that corporate boards should closely monitor shareholder votes, as director performance, firm performance and corporate governance are all reflected in these votes. "Boards need to be conscious of the fact that director elections do signal shareholder concerns about the firm and the way it is governed, even if on average, votes for directors are high," Walkling says.