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Charles Nathan, a partner at Latham & Watkins, and Dennis Craythorn, an associate at the firm, write that after the pop of the telecom bubble at roughly the same time as Enron and other corporate scandals surfaced at the beginning of the decade, there was a surge in shareholder proposals related to corporate governance. The financial crisis of 2008, with its attendant headlines about jaw-dropping sums of money being owed to the departing heads of the fallen companies and boards abysmally failing in their oversight function in the search for excess profit, will almost certainly lead to a similar tsunami of shareholder proposals in the 2009 proxy season.
November 17, 2008 at 12:00 AM
1 minute read
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