the Culinary Workers<\/a> Union Local 226 Las Vegas, Local 165 Las Vegas, and Local 226 Reno. Caesars is the second-largest operator on the Las Vegas Strip, and it controls six gaming venues in the Reno\/Lake Tahoe market.<\/p>\nBoard Governance Matters<\/h2>\n
With more investors of all stripes prioritizing environmental, social, and governance (ESG) principles, companies are under pressure to maintain diverse, fairly elected, independent boards or risk the wrath of ESG-focused shareholders.<\/p>\n
\u201cWe believe that board responsiveness is critical to upholding shareholder rights and maximizing long-term shareholder value,\u201d says Unite Here senior research analyst L. Tchernyshyov.<\/p>\n
Led by Executive Chairman Gary Carano, Caesars\u2019 board consists of 10 members, including three women. Just one member is a person of color, and 60% of the board is age 65 or older, according to company data.<\/strong><\/p>\nAcademics and consultants view boards as fertile ground for bolstering corporate governance efforts, while investors argue board elections are prime opportunities for companies to provide voices to a variety of investors. That could prove accurate at Caesars.<\/p>\n
\u201cThis reform will create a more meaningful voice for shareholders in selecting directors. As a relatively new S&P 500 company and as a leader in the gaming industry, Caesars Entertainment should be responsive to its shareholders and a role model for best corporate governance practices,\u201d added Tchernyshyov.<\/p>\n","protected":false},"excerpt":{"rendered":"
Caesars Entertainment (NASDAQ:CZR) is implementing a majority vote standard for uncontested director elections. That’s following a push by hospitality labor union Unite Here. A member of the Council of Institutional Investors, the union represents hospitality workers in the US and Canada, and those employees are beneficiaries of various plans with more than $60 billion in […]<\/p>\n","protected":false},"author":46,"featured_media":211369,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[],"acf":[],"yoast_head":"\n
Unite Here Successful In Caesars Board Election Effort<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n