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Time And Money Spent Improving Governance Doesn’t Improve Shareholder Value, Says Stanford study

Publication Date: 
June 30, 2008
San Jose Mercury News Blog
Jack Davis

The Arthur and Toni Rembe Rock Center for Corporate Governance is referenced in a San Jose Mercury News blog post about a new Rock Center study evaluating governance ratings firms:

In a study titled “Who’s Watching the Watchdogs?” that it says “is likely to be controversial,” Stanford said Monday it has found evidence that “questions the value of the ratings” of all four of the major shareholder advisory firms, according to a press release put out by the Rock Center for Corporate Governance center, made up primarily of faculty from both the Stanford Law School and its Graduate School of Business.