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Sep 30, 1997

Making waves

Hot on the trail of globetrotting governance activists

The US has proven itself an outstanding exporter. Cars and TVs were popular for a time, until overseas companies followed with similar, and often better, products. Today - though it's hard to quantify - a major US export is undoubtedly its proxy voting power. Moreover, the techniques and mind set of Anglo-Saxon corporate activism are catching on worldwide. 'Money has become a conveyor belt carrying activism and governance principles across frontiers,' proclaims Stephen Davis, a Newton, Massachusetts-based

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