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Institutional shareholders in US firms push for boardroom say

75 firms to be asked to allow investors to hire and fire directors directly; for greater accountability and to erase some clubby aspects.

LEADING THE DRIVE: 'By targeting companies across an array of industries, we intend to bring systemic reform to United States boardrooms,' Mr Stringer said.

New York

ANNUAL shareholder meetings are supposed to allow a company's owners to change troubling governance practices such as outsize executive pay or directors who neglect their fiduciary duties.

In reality, however, most of these meetings and the shareholder votes that are cast...

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