kaal:claim:5583610-030

In ESG disputes, a board facing an aggressive shareholder proposal can deploy LER to distribute vouchers to shareholders who vote for management's competing proposal.

Source quote, verbatim

In response, the board, favoring a more balanced ESG strategy, could deploy LER to distribute voucher rewards to shareholders who vote in favor of management's proposal.

From

Wulf A. Kaal, Liquid Equity Rewards in Corporate America (2025), 7.1. ESG Disputes and Shareholder Proposals, p. 26
https://ssrn.com/abstract=5583610 · source PDF

Cite as

Wulf A. Kaal, Liquid Equity Rewards in Corporate America (2025). SSRN: https://ssrn.com/abstract=5583610

Holds when

contested ESG shareholder proposals

Classification

designsupport: assertedlaw-and-legal-systemscorporate-governancerisk-and-incentivesai-and-agents

Verify

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Attestation record: colloquium/attestations/c5b95522c6c5aa55...json
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