Fight for Your Right to Proxy


Are shareholders finally on equal footing with corporate executives — or have investors become drunk on power?

When Institutional Investor published a report on proxy reform in its April 1991 issue, corporate governance was on the precipice of change.

Spas 1aThe California Public Employees’ Retirement System and College Retirement Equities Fund were lobbying the Securities and Exchange Commission to give institutions a say in corporate governance, as Stephen Clark reported in “Push Comes to Shove on Proxy Reform.”

The raft of changes proposed in 1991, and enacted in October 1992, radically shook up…

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