13.08.2008 - State Street`s Nugee: SWFs should exercise their rights
From Alwatan.com: Sovereign wealth funds risk keeping poor management in place in the firms they invest in if they give up their shareholder rights in response to fears about their excessive influence, a senior State Street official said. John Nugee, who heads State Street Global Advisors’ Official Institutions Group, [told Reuters on Tuesday that] stateـ-owned funds had shied away from active corporate governance after stirring fears in certain countries... Full article: Source