June 1, 2006
Why Foundations Should Care About Shareholder Votes
To the Editor:
The Chronicle and Harvy Lipman are to be congratulated for the excellent articles on foundations' failure to vote their proxies in line with their missions ("Meshing Proxy With Mission," May 4).
In 1997 William B. McKeown of the law firm Patterson, Belknap, Webb & Tyler, in the Journal of Investing, concluded that trustees "in order to fulfill their responsibility to see that the [foundation
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