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Sarbanes-Oxley News & Developments
Two Pension Funds Target 16 CompaniesA pair of activist union groups are publicizing their hit lists of companies they are pressing for better corporate governance.
> > The Employees Pension Plan for the American Federation of State, County, and Municipal Employees announced that during upcoming annual shareholder meetings, it will withhold votes from certain directors at 11 companies. Those directors have supported excessive executive pay that did not match company performance, have significant conflicts of interest, serve on too many boards, or serve at companies that continue to ignore majority shareholder votes.
Source: CFO
Published:2005-04-25
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