Roula Khalaf, Editor of the FT, highlights stories in this newsletter, including Darren Walker’s struggle to secure shareholder support at Ralph Lauren, joining the ranks of “zombie” board members who lack majority backing. This governance issue has sparked concerns among investors about weakening shareholder rights globally, with Vanguard and TRowePrice emphasizing the importance of strong accountability and disclosure. The prevalence of zombie directors in the US, due to plurality board elections, contrasts with stricter standards in other markets, prompting calls to maintain high governance standards to prevent a race to the bottom.
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Got $5,000? 3 Tech Stocks to Buy and Hold for the Long Term
The technology sector is experiencing significant growth due to innovations that enhance organizational efficiency and ease daily operations, driven by the increasing digitalization and adoption of cloud software. In light of this demand, investing in promising technology growth stocks for long-term accumulation can help individuals build substantial wealth for retirement. Want More Context? 🔎
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