It’s all about power. And, as Compliance Week readers know, power is about to shift noticeably away from corporate boards and management toward shareowners, particularly institutional investors.
There’s only one problem: Remarkably few of those institutions are equipped today to exercise power effectively.
Our belief, and that of numerous policy makers, is that empowering owners can help burnish responsible and accountable capitalism. Hence the spate of revolutionary reforms that have already been enacted or soon will be. From “say-on-pay” advisory votes on executive compensation (already required for companies taking government bailout money, proposed for all others), to being able to ...