Like the farmer and the cowboy, shareholders and management can be friends too -- maybe not close friends. Signs of newfound respect are percolating between the two, often quarrelsome, parties.
Informal polls of corporate board directors find that about 5% view the proxy as a marketing tool for the board and the company. But that may be changing.
As proxy season gets underway, some early, behind the scenes discussions between shareholders and companies are exhibiting a welcome break from the past: a new tone of respect.
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