Best Practices in Corporate Governance

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December 2006 | Vol. 2006 | No. 1 | 16 pages
Source: CFA Institute
James S. Riepe

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Abstract

Investment professionals have a fiduciary responsibility to use their proxy votes to promote sound corporate governance. In applying that responsibility, however, they should consider the competing interests of all corporate stakeholders while giving primary consideration to their clients—the shareowners. Institutional investors should establish principles and processes that portfolio managers can follow as they evaluate the unique requirements of each proxy vote.

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Topics
Corporate Finance
    :
  • Corporate Governance
|
Standards, Ethics, and Regulations (SER)
|
Leadership, Management, and Communication Skills
    :
  • Firm Management
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