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Time is Running Out for Yahoo's Board

Beginning today and continuing through March 26th, shareholders of Yahoo will be able to submit their slate of candidates for the company’s board of directors.  Although Yahoo hopes to avoid a proxy contest at its Annual Meeting this summer, such a contest may be inevitable if a sale of the internet giant hasn’t occurred by then. 

Following AOL’s sale to Verizon last June, Yahoo’s shareholders, led by activist investor Starboard Value, began to encourage a similar path for the company.  Yahoo’s board, realizing that the anticipated revival was not going to happen, finally relented ...

Mentions: Board Governance Investment Annual Meeting