Posted on 05/12/02
Investors have a right to know
The big pension and mutual fund managers are often viewed as good guys in the capital markets, free of conflicts and devoted solely to maximizing returns for their many investors. In our frenzy to punish the villains of recent corporate scandals, we have focused on directors, executives, accountants and investment bankers. Yet few institutional shareholders have adopted best practices when exercising their significant corporate governance responsibilities.
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