tag:blogger.com,1999:blog-1194375569044391746.post7991535759752256995..comments2024-03-28T05:30:09.322-04:00Comments on Corporate Justice Blog: What Role for Institutional Investors?Steven Ramirezhttp://www.blogger.com/profile/16741346526253732489noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1194375569044391746.post-42912385269619917822010-03-15T16:23:24.425-04:002010-03-15T16:23:24.425-04:00Clearly it would be great for corporate executives...Clearly it would be great for corporate executives to engage in conversation about the company with its shareholders as it could lead to improvements overlooked by the companies board. I think the people on these boards sometimes forget what their objectives are and are only concerned with what will make them wealthier individually!<br /><br />-David Rubin, St. Thomas University School of LawRubeshttps://www.blogger.com/profile/14652401160309330482noreply@blogger.comtag:blogger.com,1999:blog-1194375569044391746.post-39815569171173039572009-08-06T07:40:03.149-04:002009-08-06T07:40:03.149-04:00I agree that corporate executives may view institu...I agree that corporate executives may view institutional investors’ proposals related to risk management as an unwelcome intrusion into operational matters. In addition, under the Securities Exchange Act Rule 14a-8, corporations may exclude from proxy filings shareholder proposals dealing with a matter relating to a company’s ordinary business operations. However, the Commission has stated that proposals that relate to ordinary business operations but that touch on matters of significant social concern are not excludable. The types of matters considered to be of significant social concern have changed over time. Perhaps institutional investors could use their voice and the recent Obama administration focus on controlling systemic risk to make the case that risk management is a matter of significant social concern. Corporate executives and interested institutional investors should engage in “quiet diplomacy” rather than expensive and protracted proxy campaigns or litigation. It should be noted that the ABA report cautions that increased shareholder authority might also lead to increased shareholder accountability.Prof. Burchhttps://www.blogger.com/profile/05962905080018373258noreply@blogger.comtag:blogger.com,1999:blog-1194375569044391746.post-77348347430133414282009-08-06T01:38:42.773-04:002009-08-06T01:38:42.773-04:00professor burch:
how likely is it that corporate ...professor burch:<br /><br />how likely is it that corporate boards and executives are going to be willing to discuss risk management policies with institutional investors? my own experience is that corporate executives are enormously proud and do not believe or feel that they need any input whatsoever from shareholders, be they institutional or individual, particularly on matters of corporate operations.Anonymousnoreply@blogger.com