From CFO.com, “Malfeasance Insurance: How plan sponsors are coping with the mutual fund scandals“:
Of course, discussions about the mutual-fund scandal are occurring at plenty of companies unaffected by any revelations to date. As the scandal expands, says Jean Blackwell, CFO of Cummins Inc. and chairperson of its benefits-policy committee, “people are taking their fiduciary responsibilities much more seriously.” Blackwell—who in the past has served as the Columbus, Indiana, engine maker’s general counsel and as its vice president of HR—has observed that committee members these days “will push back and disagree,” where in the past they were more inclined to go along with the recommendations of the benefits staff.
From the New York Times, “Speaking Out Could Get Investors Sued“:
Annual meetings have long been considered an open forum where company shareholders could speak out and hope to be heard — and not worry about being sued for what they say. Until now. Just as investors are trying to step up their influence over corporate dealings in the wake of all the scandals, a recent lawsuit is raising concerns that they could face litigation when they voice ideas that companies don’t like.
For those interested in the development of the blogosphere, “A crush note to the blogosphere: Newest mode of journalism has tenacity and transparency that major media lacks.”