An annual survey conducted by Shearman & Sterling tracking corporate governance practices among the nation's top public companies has found that while the independence of most directors continues to exceed the standard set by industry regulations, those individuals serving on corporate boards are earning more.
The law firm's survey also showed that more firms are shunning controls to thwart hostile takeovers and instead are heeding the call from institutional investors who assert that companies generate higher shareholder value without the devices.
The study, performed in house by the New York-based firm, serves as a way for Shearman to give its corporate clients information about the compliance practices among big companies, said co-managing partner John Madden. Such surveys also can function as effective marketing tools, as well, though Madden stressed the benefit to clients.
See full Article.
Posts
