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If you were a stockholder of a fund and held a vote during the re-election of a board member who serves as chair of the
If you were a stockholder of a fund and held a vote during the re-election of a board member who serves as chair of the compensation committee, would you vote to re-elect him if there were speculations he was unfit to serve?
The speculations are that at the previous company he served as chair of the compensation committee they inflated earning and lowered their capital requirement standards; and also offered backdated stock options to their CEO which cheated the corporation in order to give the CEO more money.
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