Vanguard Calls for Shareholder Liaison Committees at U.S. Public Companies

January 9, 2015

In an interview with the Financial Times, Vanguard CEO Bill McNabb revealed that Vanguard was asking the U.S. companies in which it invests to establish shareholder liaison committees in an effort to improve corporate governance. In the interview, McNabb said, “Directors are standing in on behalf of owners – that’s an important concept – yet there are many independent directors who have never met an investor.” Public companies should continue to assess their own shareholder engagement efforts in light of emerging best practices. Read a summary of our panel discussion addressing best practices for shareholder engagement.

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