Here’s a surprise start to the 2007 proxy season: An unprecedented level of dialogue among the institutional investor and corporate communities has broken out.
No one can quite pinpoint the cause. Is it an unanticipated consequence of the globalization of capital markets, simply the beginning of another proxy season, or the beginning of a “grand bargain” wherein investors and corporations will allow investors more ability to affect corporate agendas in return for less regulation? Whatever the reason, signs of dialogue are everywhere.
