11. BATTLE OVER YACKTMAN MUTUAL FUND A fight for control of a formerly highly regarded mutual fund is brewing between Donald Yacktman, its long-time manager, and independent directors.
12. -- Require a majority of directors on investment company boards to be independent directors, a practice currently followed by many, but not all, funds.
13. A big shareholder had questioned whether some independent directors had too many ties to Disney and its chairman, Michael Eisner.
14. A fight for control of a formerly highly regarded mutual fund is brewing between its manager and independent directors.
15. A non-executive chairman can act more effectively as a lead independent director when it comes to such tricky matters as dropping an underperforming chief executive or picking his successor.
16. A further five independent directors will be appointed.
17. A special committee of independent directors at DMX last month approved the proposal, the company said.
18. After losing a shareholder vote, the independent directors resigned, Navellier returned as portfolio manager and shareholders elected a board of his choosing.
19. But Bonderman does not serve on the committee of eight independent Continental directors set up specifically to protect the interests of public shareholders in matters regarding Northwest.
20. But at the board meeting here Thursday, a group of angry independent directors pushed to remove Agee from the company immediately.