In The Economist: Shareholders Get Serious. Corporate Governance No Longer A Joke. Dang.

Power to the Shareholders and all that–but Shareholder Rights is still an expensive, unforgiving and tortuous hell for many well-meaning Boards. Active SHs often tend to be powerful–or whack-jobs with too much time to kill. Not much in between. See “Heating up: Shareholders are ever more willing to vote against management“.