The following comments were originally written in response to an online inquiry: "What needs to happen . . . to stimulate shareholders to agitate for change at mismanaged companies?" My reply has been stitched together from an exchange with the questioner, Alexander Krakovsky, of ContourGlobal.
The cause of better corporate governance is not being pursued aggressively by fund managers because the majority of them do not believe in it. Too many investors believe in a champion CEO, who, like Read more [...]