The Background:
The group of prominent CEOs and investment managers that
published The Commonsense Principles of Corporate Governance in
2016 released an updated version intended as a governance framework
for public companies, their boards, and their institutional
shareholders.
The Issue: The Commonsense Principles 2.0
espouse fundamental governance practices predicated on a long-term
perspective.
The Outcome: The Commonsense Principles 2.0
also illustrate that good governance evolves, and is not absolute.
As such, the one-size-fits-all mindset of proxy advisors makes
blind adherence to their recommendations highly undesirable.
In 2016, a group of CEOs of major U.S. companies and investment
managers published The Commonsense Principles of Corporate
Governance, a framework for corporate governance for U.S. public
companies, their boards, and their shareholders. The Commonsense
Principles were notable not only because of the prominence and
diversity of the
