The board of directors at H&R Block Inc. voted to allow certain shareholders of its common stock to directly make nominations to the company's board of directors.
The new rule is a bit perplexing because the board didn't share any insight into the motivations behind it. Also, the way it's set up is fairly restrictive.
For one, a shareholder must own 3 percent of the company's common stock, and must have held it continuously for at least three years. The Kansas City-based tax preparer (NYSE: HRB)…
The board of directors at H&R Block Inc. voted to allow certain shareholders of its common stock to directly make nominations to the company's board of directors.
The new rule is a bit perplexing because the board didn't share any insight into the motivations behind it. Also, the way it's set up is fairly restrictive.
For one, a shareholder must own 3 percent of the company's common stock, and must have held it continuously for at least three years. The Kansas City-based tax preparer (NYSE: HRB)…