Get Ready for Proxy Season
The managements and boards of major U.S. companies are facing an even sharper rise in shareholder activism this coming proxy season than they faced in 2007, warns John Castellani, president of the Business Roundtable in Washington, D.C. Castellani, whose organization represents 160 of the largest U.S. companies (including The McGraw-Hill Companies (MHP), owner of BusinessWeek, and whose CEO is chairman of the Roundtable), says battles over corporate governance are becoming increasingly politicized and could threaten the ability of boards to fulfill their responsibilities.
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