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The 70:20:10 Rule of Board Learning by Debra Beck
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Memo to Corporate Directors: Three Lessons from the Exxon-Mobil Activist Victory

corpgov.law.harvard.edu

Exxon-Mobil spent $35 million, added new directors, and made promises to do better, all in an effort to defeat the dissident slate nominated by activist fund Engine No. 1. It failed, and, at this writing, Exxon-Mobil has lost at least two seats on the board of directors and votes for two others were still being calculated...

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