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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-03-31 00:00:00",
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  "pageNumber": 95,
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  "notes": "This is a classic activist slide framing corporate governance changes as evidence of board entrenchment.",
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      "kind": "callout",
      "text": "Rather than look out for the best interests of shareholders, it appears that members of Darden's Board is looking to take steps to further entrench themselves.",
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      "text": "Darden's recent Bylaw amendments underscore what we believe to be the Company's blatant disregard for shareholder interests.",
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      "text": "Darden’s recent Bylaw amendments underscore what we believe to be the Company’s blatant disregard for shareholder interests.",
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      "text": "Darden's new Bylaw amendments serve to exacerbate Darden's already alarming corporate governance concerns: Gives Board broad discretion to unilaterally delay the Annual Meeting beyond October. More stringent nomination notice and business proposal requirements. Sets Orange County, FL as exclusive forum for shareholders to bring derivative suits and other claims. Removes ability of shareholders to fill existing vacancies at next Annual or Special Meeting.",
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      "text": "Despite significant criticism from leading governance firms and shareholders regarding Darden's poor governance practices, the Company has actually taken steps to further disenfranchise shareholders.",
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      "text": "Darden's new Bylaw amendments are a step in the wrong direction",
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