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PUBLIC COMPANIES BRACE FOR NEW AND CHALLENGING QUESTIONS FROM STOCKHOLDERS AT ANNUAL MEETINGS

 NEW YORK, Jan. 27 /PRNewswire/ -- As the issue of corporate governance comes under increasing scrutiny, management can expect to be grilled during this year's annual shareholders' meetings on issues that range from executive compensation and performance to how involved the company's board of directors is in formulating corporate strategy, reports KPMG Peat Marwick's 19th edition of "Shareholders' Questions."
 "Over the last decade, the political, economic and social climate has caused stockholders to get tough with management," said KPMG Peat Marwick's L. Glenn Perry, partner in charge of the SEC Practice Group of the Department of Professional Practice. "Shareholders are demanding management and the board of directors provide more long-term strategy for growth and international expansion -- a shift from the quick profit' mentality of the 1980s that saw a boom in takeovers and mergers."
 This year shareholders will expect management to defend compensation practices, outline a plan for cutting health care expenses, and calculate what lawsuits could cost the company in future years. This year's questions also reveal a change in attitudes toward the role of minorities and women compared to 13 years ago: in 1980, corporations began asking about hiring policies of these groups; today they want to know if there are plans to include women or minorities on the board of directors.
 Through 135 offices in the United States, KPMG Peat Marwick provides industry-specific accounting, taxation and consulting services to a broad range of businesses and other organizations in the financial, commercial and service sectors. The worldwide KPMG network has more than 76,000 people operating in 125 countries.
 -0- 1/27/93
 /CONTACT: Lisa Meyer of KPMG Peat Marwick, 212-909-5108/


CO: KPMG Peat Marwick ST: New York IN: FIN SU:

GK-OS -- NY041 -- 9540 01/27/93 10:36 EST
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Publication:PR Newswire
Date:Jan 27, 1993
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