“It’s [insert significant shareholder’s name]’s way or the highway” is a common refrain I hear from directors on control block boards. Facebook’s governance has been described by Businessweek as resembling a “dictatorship” and by a Wall Street Journal blog as …

This week, it was revealed that Messrs. Michael Harris, Louis Lataif and Donald Resnick, former members of a Special Committee whose role was to assess a related-party transaction involving control person Frank Stronach, all received overwhelming “withhold” votes compared to …