Joining the hunt for corporate turpitude

corporate governance

Disney, Parmalat, Enron, the scandals continue. More and more shareholders are exercising their right to make executives account for their actions, and their pay packets, in a backlash against the executive greed of the 1990s

Rarely has corporate governance activism reached the heights it has in the last few months. We've already seen a number of companies submerged in shareholder activity, with Disney providing one of the most recent examples. Some 43% of Disney investors are reported to have voted to cut the strings of chairman and chief executive Michael Eisner. Meanwhile, the fiasco surrounding Parmalat continues. The impact on Italian and other banks is still unclear, as is the effect on the company's suppliers. It remains to be seen how much more of an impact issues such as corporate governance and acc...