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Outside the Box: Active managers see value in these 3 company practices but indexers hate them. Who’s right?

Every corporation is unique. It follows that governance arrangements should be tailored to suit. Yet many shareholders, especially indexers, roundly condemn certain governance practices as if one size fits all.  Three corporate practices illustrate this: combining the roles of chairman and chief executive; staggered director terms, and classes of stock with different voting rights. Each… Continue reading Outside the Box: Active managers see value in these 3 company practices but indexers hate them. Who’s right?