Shareholder Rights in the Corporate Boardroom

John Wilcox, former head of corporate governance for mighty TIAA-CREF, explains what institutional investors want in a board of directors

The Conference Board recently released its latest Institutional Investment Report, tracking the percentage of ownership by institutional investors in the 1,000 largest U.S. corporations. The latest study placed their shareholder interest at an unprecedented 76.4%—up from 61.4% in 2000, and 46.6% in 1987. As the ownership power of institutional investors continues to grow in U.S. capital markets, board members—who are elected to represent the interests of shareholders—can't ignore them.

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