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Netflix Shareholders Vote to Oust Jay Hoag, Its Lead Independent Director, but the Board May Decide to Keep Him
Jay Hoag, who has served on Netflix's board since 1999, failed to get reelected at the company's annual shareholder meeting.
It seems what swung sentiment against him was his “poor attendance” record at Netflix board events, according to shareholder voting advisory firm ISS. Netflix shareholders did reelect 11 of the company’s board members — co-CEOs Ted Sarandos and Greg Peters, chairman Reed Hastings, Richard Barton, Mathias Döpfner, Leslie Kilgore, Strive Masiyiwa, Ann Mather, Greg Peters, Ambassador Susan Rice Brad Smith and Anne Sweeney). Previous board member Timothy Haley, co-founder of VC firm Redpoint Ventures, had informed Netflix of his decision not to stand for reelection at the annual meeting.
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