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May 31, 2002

Questions of governance

Disney's revamp of boardroom practices are a move in the right direction but perhaps for the wrong reasons

Claims that Walt Disney's recently announced boardroom revamp is the result of relentless pressure from governance activists might be a little presumptuous, to say the least. Michael Eisner and his band of cronies have been flouting governance best practice for years and haven't really given two hoots about all the heckles from the wings. Until now.The surprise turnaround follows Disney's annual meeting announcement that it would discontinue the practice of giving audit and consulting work

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