It's what helped lead to a relentless focus on a company's next quarter, to
the detriment of its next year or decade.
Not exact matches
Because the SEC's rules for resubmission
of a failed proposal by a shareholder in the
next year's proxy statement require that the proposal have received up to 10 %
of the vote (depending on how many
years it has been submitted), the significant voting impact
of an ISS recommendation can empower a proponent to resubmit a proposal
year after
year, imposing costs on the company and creating waste and negative publicity to the
detriment of the company and its shareholders.
Too much
of the publishing world is focused on
next year's bottom line, to the
detriment of the entire ecosystem.»
For example, in Florida, where claims costs appeared to have yo - yoed in recent
years, and in which the state's Supreme Court struck down the state's mandatory attorney fee schedule for claimants [see Castellanos v.
Next Door Co., 192 So.3 d 431 (Fla. 2016)-RSB-, the Court complained that the litigation
of workers» compensation claims in the state had become far too complex, to the
detriment of the claimant, «who depends on the assistance
of a competent attorney to navigate the thicket» [92 So.3 d at 494].