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GTSI Corp: A Big Win for Corporate Governance
Posted by: Frank Voisin (IP Logged)
Date: March 14, 2012 12:36PM
Today GTSI Corp (NASDAQ: GTSI) filed its preliminary proxy documentation. Contained within it is a company-proposed amendment to the company’s constating documents which would declassify the board of directors (emphasis added):
Quote:This is a huge win for shareholders, as it reduces board entrenchment and increases the ability of activist investors to hold the board responsible for poor performance. Here’s what the company says about its motivation, in part:
Quote:I couldn’t agree more.
Author Disclosure: Long GTSI
Stocks Discussed: GTSI,
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