Shareholders will gain an unusual amount of power at the former WorldCom Inc. and the board will be more closely restricted under rules set down Tuesday by a court-appointed monitor. With the company now doing business as MCI and expected to emerge from bankruptcy shortly, the report by former SEC chairman Richard C. Breeden will be the basis for a new MCI corporate charter that can be changed only with shareholder consent.
August 27, 2003 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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