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We thought only corp gov junkies care about this subject, we certainly didn't. Now that Nelson Peltz cares, we think we'll start.
In his current efforts at DuPont, Peltz proposed the company use a "universal proxy card" (UPC) for the upcoming proxy contest. The company declined, setting off another round of acrimony.
universal proxy card
Much as Carl Icahn promotes a range of targeted corp gov changes to pressure recalcitrant portfolio companies, Peltz skillfully did something similar. As he makes the case for his nominees, he can claim that DuPont disenfranchised shareholders by rejecting a favorite corp gov reform.
We explain the UPC, and Peltz's strategy, in a current blog post.
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