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Some of these people are investors or represent investor groups. As such, the group they represent will own stakes in multiple companies, and often have board
by ensignavenger 3y ago
Some of these people are investors or represent investor groups. As such, the group they represent will own stakes in multiple companies, and often have board seats on many of the companies.
Others will be an top executive at one company, and also serve on the board as an advisor of a few other, non-competing companies (usually non-competing).
Those are probably the most common scenarios where some one would serve on multiple boards.
- poorlyknit 3y agoDoes that change anything though?
- ensignavenger 3y agoI am not sure what the concern is in the first place, so I am not sure if it changes anything or not. I was just adding my own perspective on the situation.
- refurb 3y agoSure. If Vanguard has board seats it wouldn’t be odd for that person to sit on lots of boards of companies Vanguard invests in.