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Executives and investors form alliance to drive better governance

Joe Mont | July 26, 2016

Don’t expect executives, directors, and institutional investors to join hands and sing “Kumbaya” any time soon. But a common push from all three parties for improved corporate governance has emerged throughout this year’s proxy season.

“We are hearing a lot more about shareholder engagement, and most boards are getting more involved,” Paula Loop, leader of PwC’s Governance Insights Center, said during a recent webcast she moderated. “Shareholder engagement is now taking on a broader view. It is becoming more important to think about a dialog on bigger topics, including strategic plans, capital allocation plans, and any of the risks associated with them. The big question is not how important shareholder engagement is, but when do directors get involved and what role do they need to play?”

“There is significantly more shareholder engagement than a few years ago,” says Ken Bertsch, executive director of the Council of Institutional Investors. “I think say-on-pay was the...

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