Shareholders of publicly traded companies are asked to vote annually on the board of directors. Usually these elections are uncontested; there is just one name for each slot on the board.
I’m wondering how many people get rejected in these elections each year. Board actions are usually not well observed by the public, so determining who is a bad director is not something a typical shareholder can do. Someone would probably have to have committed a very notorious act to get even a few negative votes.
There must be some statistics on this, but my initial attempts to google this turned up nothing.
Does anyone know how often are nominees rejected?