Calvert Continues Push for Women’s Principles According to Barbara J. Krumsiek, CEO of Calvert Group, the nation’s largest family of “socially responsible” mutual funds, 9,000 board seats will be opening up during the next two years. Sarbanes-Oxley’s requirements for increasingly “independent” boars has created “an unprecedented opportunity” for diversity. In 2004, Calvert filed seven resolutions […]
Archive | December, 2004
Pay Without Performance
Pay without Performance: The Unfulfilled Promise of Executive Compensation was the best book published in 2004 in the field of corporate governance. Lucian Bebchuk and Jesse Fried focus on one aspect of corporate governance, executive pay, and clearly demonstrate that many features of executive pay are better explained as a result of shear managerial power, […]