Word: powerfully
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...group of Harvard professors have petitioned the Securities and Exchange Commission to alter its current proposal to give shareholders the power to nominate members of company boards, a change they say would increase companies’ exposure to volatile investor sentiment...
...reform’s backers say empowering shareholders could help prevent another financial crisis, but according to Jay W. Lorsch, a Business School professor and signatory to the letter, the new reforms represent a continued effort by institutional investors to gain power and influence over the companies they invest in—a movement that predates the market crash...
According to a Washington D.C. lawyer with expertise in corporate governance who declined to be named to protect his client relationships, any potential reforms are sure to face a concerted challenge in court over whether the SEC has power to regulate in this field...
...Wrest Power from the Bureaucracy - Gently...
...Japan's system is unlike that of the U.S. in that there's no personnel overhaul with a change in administration. Japanese bureaucrats wield more power - sometimes even more than elected officials - and have long called the shots on everything from budget formulation to foreign policy. The DPJ has vowed to expand the power of the Prime Minister's office and the Cabinet, something pursued by previous Prime Ministers. But it's a delicate job, and one that could easily go sour. (See pictures of Japan in 1989 and Japan...