Fidelity's newly released 2021 Proxy Voting Guidelines provide that it will generally oppose the election of certain or all directors if: (i) the board has fewer than 10 directors and there are no women on the board, or (ii) the board has 10 or more directors and there are fewer than two women on the board. Public company director-CEOs who sit on more than two unaffiliated public company boards also invite a likely "no" vote from Fidelity.
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This post first appeared in the weekly Society Alert!