Allen Goolsby Discusses Proxy Access Movement with Virginia Business

Needed: Diversity of Experiences and Fresh Perspectives to Keep up With Rapid Change

Virginia Business, Corporate Boards │ June 29, 2015

The aftermath of Enron and the 2008 financial crisis put corporate boards in the spotlight. Allen Goolsby shares his view about present challenges faced by boards of publicly owned corporations. He notes a growing support for diversity on the board. He also focuses on recent acceleration of the proxy access movement, as a means by which large institutional shareholders can promote their own board candidates. Goolsby tells Virginia Business that many large corporations likely will adopt proxy access bylaws in the next several years, noting this movement “has the potential to force new faces onto a board.” Goolsby’s practice focuses on corporate law.