Shareholder power is about to expand, will it be used?
Institutional shareholders. It's hard to think of a more powerful interest in the corporate landscape. Unfortunately, it's also hard to think of an industry more impotent when it comes to change.
But that bland bunch of sheep are about to be entrusted with even more power. The Securities and Exchange Commission voted Wednesday on a rule change that would give institutions more say in director elections and influence in the companies in which they invest.
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