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Fund Practices Good Citizenship
Institutional investors have grown impatient as the Securities and Exchange Commission drags its feet on post-Enron corporate governance issues.
Instead of waiting for regulation to come from above, some are passing shareholder resolutions to force companies to consider the issue.
The latest to do so is the socially responsible Citizens Funds, which last Thursday filed shareholder resolutions regarding auditor conflict of interest for Cisco Systems (CSCO Quote) and Microsoft (MSFT Quote). ...
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