The Shadow Chancellor's Notebook by Orlando Plumbe

Greenspan predicts US governance revamp

Link: FT.com / World / US - Greenspan predicts US governance revamp.

Alan Greenspan, former chairman of the US Federal Reserve, predicted yesterday the US would make "changes" to the burdensome financial and corporate governance requirements driving companies out of US markets.

WSJ.com - Stock Activism's Latest Weapon

Link: WSJ.com - Stock Activism's Latest Weapon.

For years, shareholder activists have tried to change American corporations by proposing resolutions at annual meetings. Although many have passed, they typically have taken the form of nonbinding advisory resolutions, and directors often ignore them. Now a few corporate-governance advocates are pushing a more radical approach: amending companies' bylaws, the rules governing a corporation's internal affairs.