In examining the companies in which they have holdings, shareholders have become more forceful and willing to ask questions, a new survey shows.
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The report went on to say that corporate boards, often thought of as "yes" men for company executives, have begun to take a more active role in decision-making.
Corporate governance matters have moved into the fore of discussions among top managers, as management itself has become increasingly self-conscious about its companies issues and images.
Scandals like those at Enron and WorldCom are thought to be the main reason for these issues becoming so important to both investors and managers. Specifically, the report said that among corporate governance issues, the three that were most likely to be focused on over the next year were concern among executive pay, increased scrutiny of foundering Japanese company standards and clearly defined "good" business practices.
