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Article: Under the knife: executives and boards at this year's shareholder meetings should expect constituents to dissect business practices with new fervor. (Investor Relations).
- Article from:
- Chief Executive (U.S.)
- Article date:
- April 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Chief Executive Magazine. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Annual shareholder meetings, historically dull affairs, this year are expected to be heated, as companies struggle to readjust in the wake of recent corporate developments that pit shareholders against executives and boards like never before. Suddenly, it's not just the large, controversial companies that can expect increased shareholder scrutiny -- this year, all companies struggling to survive in a downturn must prepare for close examination.
Not surprisingly, concerns about what went wrong at Enron and the widening ripple effect are likely to reverberate at shareholder meetings in virtually all industries. "The sudden and total collapse of the seventh-largest ...