1. Have shareholder proposals been an important governance mechanism over the past 20 years? Do you see any changes occurring in today's environment?
2. What is meant by cumulative voting, classified board, and voting by proxy?
3. What are the benefits and costs of corporate voting over the Internet? Do you think this type of voting will increase in the future?
4. What is a proxy fight? What potential effects do proxy fights have on managerial incentives?