Finance: What is a Dissident Director?

What is a Dissident Director? The Board of Directors of a company usually reaches a consensus the majority of the time in order to decide on policies to move forward. There are occasions, however, when a Director opposes the other board members and proposes other policies that lack the support required to be enacted in a vote. Such a director is referred to as a Dissident Director. Sometimes the dissent can be reasoned and amicable, but other times it can be contentious and become acrimonious.

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set of new mandates that everyone else went thumbs up

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on and or who initiates her own vote which is

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pretty much the opposite of what everyone else wants You

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know we know people like that like maybe they voted

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to replace all the toilets in the corporate washrooms with

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today's It's happened Really In real life a dissident director

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can dissent against popular board vote in things like the

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company accepting a takeover bid at fifty eight bucks a

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share in stock Well that dissident director might demand that

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the takeover dobie paid in cash because well she doesn't

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trust the stock market's appraisal of the valuation of the

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stock currency being used to take over their company Well

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another descent might revolve around a company seeking toe over

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pay for an acquisition Like that dissident director might be

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the lone rational voice suggesting that they not pay Ah

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Hundred times revenue to take out a competitor And the

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dissident director may also come from an operational perspective In

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that they want to fire the ceo for poor performance

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whereas the rest of the board loves being on the

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ceo's good side for the selfies and you know all

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the good instagram ingredients Well sometimes all it takes is

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one brave soul to go against the crowd although when

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it comes to the diet coke thing it might just 00:01:45.209 --> [endTime] be better toe Pick your battles