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)
Two weeks ago, Liz noted the SEC’s announcement that it is suing ISS in
federal court to compel compliance with an outstanding administrative
subpoena. The...
2 days ago
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