Counsel to Counsel

    View Authors July/August 2009
    For some shareholders, corporate executives and boards of directors have emerged as the clear villains to blame for crashed financial markets and an economy in upheaval. Some are seeking greater input on the kind of daily business decisions once made by boards of directors and senior management with little to no shareholder influence. In this article, Squire Sanders Phoenix partner Frank M. Placenti and Cleveland partner David A. Zagore discuss the shareholder democracy movement, the issues it raises related to senior executive compensation and shareholder ballot access, and how companies can approach shareholders demanding more say in day-to-day corporate decision making.