Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, March 8, 2007

Stout on Proxy Access

UCLA's Lynn Stout argues in a Wall St. Journal Commentary that increased shareholder access to management's proxy statement accelerates the trend toward privatization of public corporations.  According to her, directors and officers are tired of the "shrill, often conflicting and apparently endless demands" of shareholder activists and turn to private equity.  See WSJ, Democracy by Proxy

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