NextEra Energy disclosed a proposed settlement of shareholder derivative litigation that includes governance reforms and monetary reimbursement. The agreement provides for a reimbursement to NextEra Energy funded by its directors and officers liability insurance carriers. The proposed settlement commits NextEra Energy to implement and maintain specified governance and risk oversight measures for at least four years. The governance reform settlement and insurance funded reimbursement sit within a wider pattern of issues our research has highlighted.
Nextera Energy IncNextEra agreed to a proposed settlement of shareholder derivative litigation with governance reforms and insurance-funded reimbursement, a legal/governance matter with mixed implications.
