Directors and Investors Identify Keys to Long-Term Value ; Institutional Investors Provide Insights to Improve Disclosures

Summary

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WASHINGTON, March 1, 2011 /PRNewswire/ -- This year's proxy season provides new challenges--and new communication opportunities- -for boards and companies. The National Association of Corporate Directors (NACD)--with support from Broadridge Financial Solutions-- is providing its 11,000 members with on-demand insights from institutional investors in a specially recorded roundtable featuring long-term shareowners speaking candidly with corporate directors.

"Both directors and long-term investors have the same goal in mind--sustained success of the company," said Ken Daly, president & CEO of NACD. "In addition, we've seen a rise in investor activism during proxy season especially since the recent financial crisis. That makes it even more important for directors and investors to communicate to ensure alignment. Communication between these two groups is the key."

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Extract

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Directors and Investors Identify Keys to Long-Term Value ; Institutional Investors Provide Insights to Improve Disclosures

In the discussion, investors made it very clear what does and does not work for them. "Don't give me the charter," said Anne Sheehan, director of corporate governance, CalSTRS. "I can read th...

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