The problem is that the 'Shareholders' the
headline refers to are only fiduciaries for the REAL shareholders. They latter
are systematically disenfranchised, by political decision, regulation and the
self-interested activities of the intermediaries - to save cost, have a simpler
life. So the first step - before demanding legislation - would be to empower
the real investors, take power away from fund managers and proxy advisers.
Anyone with a serious interest to improve governance should contact us. (9 May 2018)
On October 1, the Delaware Court of Chancery denied a motion to dismiss a
Caremark claim in In re Clovis Oncology, Inc. Derivative Litigation.
Under In re ...
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