Watch Mike Garland, CtW Investment Group's director of value strategies, discuss shareholder activism on Fox Business News.

There's also a written piece on shareholder activism around the subprime meltdown.

Fox Business reporter Dunstan Prial writes:

"For most of this decade, incremental change has been seeping into corporate board rooms as investment managers at mutual funds and pension funds have demanded that voting policies for board elections reflect the growing desire for reform.

"More and more companies are adopting majority vote policies for their boards, according to [Mike] Garland, and shifting away from the 'anachronistic methods' that decisively favored the whims of company executives and existing board members.

"'Other institutions are watching,' Garland said. 'We are part of a community of long-term shareholders that are leading the fight to enhance the independence and accountability of corporate directors.'"

Posted by Anna Mumford on April 23, 2008 10:59 AM