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Some good things are happening.

Initiatives led by Anne Simpson (CalPERS) and Ann Yerger (Council of Institutional Investors) are blazing a path to address stocks that should not be in investment management portfolios – and that as a fiduciary, investment managers should not purchase with other people’s money.

The first stop on this journey is addressing IPOs.

Some issuers too are recognizing that a race to the bottom governance-wise will not serve them.

This article represents an update on these initiatives and the current landscape. I welcome your thoughts: ebloxham@thevaluealliance.com

http://management.fortune.cnn.com/2012/12/06/2013-a-year-of-investor-class-warfare/

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