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What Directors And Investors Want From Governance Reform
A recent McKinsey survey of 150 corporate directors and of 44 institutional investors with over $3 trillion in assets under management reveals that both of these powerful groups are dissatisfied with the pace and extent of corporate-governance reform and agree about which changes are needed to advance it.
The take-away: Directors and investors want to split the roles of chairman and CEO, to increase the accountability of directors, and to reduce executive compensation.
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© 1992-2003 McKinsey & Company, Inc
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