Morningstar, Inc. Commentaries
Mar 21, 2014
Click here to access Good Corporate Governance Benefits Shareholders
Many citizens take the election of government officials quite seriously, as they should. These elected officials will go to Washington, D.C., or to our state capitals in an effort to represent us and our political beliefs. They are tasked with making hundreds, if not thousands, of decisions that will affect our everyday lives. In making these decisions, they should embody the interests of the citizens that elected them. At least, that's the ideal on which our electoral system is based. This is also the ideal for the board of directors of a closed-end fund, but shareholders take these elections far less seriously.