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  "documentTitle": "Commvault Systems, Inc. (CVLT)",
  "authorId": "02_Elliott_Management",
  "authorName": "Jesse Cohn and Jason Genrich",
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  "presentationDate": "2018-04-02 00:00:00",
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      "text": "We strongly believe that good governance is good business.",
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      "text": "Nine out of 11 Directors have been on the Board for more than 10 years; The Lead Director has served nearly 20 years; Lack of diversity; Staggered Board; ISS Say on Pay issues; Poison Pill.",
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      "text": "When operational and managerial issues have created problems for a company, there is usually an absence of appropriate governance culture and accountability as well.",
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      "text": "For context, it is important to take a closer look at the two companies with lower revenue multiples than Commvault: (1) MicroStrategy trades at 1.6x revenue... and (2) Verint trades at 2.7x revenue...",
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      "text": "Despite these deficiencies, the Nomination and Governance Committee has made not made sufficient efforts to align the Company's corporate governance regime with current best practices.",
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      "text": "Corporate Governance Issues",
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