Published 12-04-09
Submitted by Kreab Gavin Anderson Worldwide
Milberg LLP and Governance for Owners USA Inc (GO) have entered into an agreement to work cooperatively to advance the cause of good corporate governance, it was announced today. Milberg is the premier class action and complex litigation firm, representing a host of institutional and individual investors and consumers worldwide, while GO adds long-term shareholder value by providing a range of corporate governance and shareholder engagement services. Consistent with GO's strategic platform, Milberg has often sought corporate governance enhancements as part of its litigation efforts.
In this new collaboration, GO will provide its extensive knowledge and experience in corporate governance to complement Milberg's securities litigation practice on behalf of investors and consumers.
Milberg and GO will collaborate on various issues of significance to investors and consumers, including board of director elections and accountability, corporate audit procedures, financial management oversight, and executive compensation. It is also expected that Milberg and GO will jointly organize and sponsor educational conferences on corporate governance.
"This initiative breaks new ground for us, extending our work in shareholder advocacy by joining forces with the leading class action law firm in the world," said Peter Clapman, Chairman and President of GO USA. "Improved corporate governance is critical to long-term shareholder value, and shareholder litigation has great potential to reform corporate governance. We are delighted to be teaming up with Milberg."
"Corporate governance issues are at the root of many securities cases," said Sanford Dumain, Chair of Milberg LLP's Executive Committee. "That is why GO, a leading voice for shareholder engagement and improved corporate governance, is a perfect match for Milberg, which pioneered securities litigation as a means to protect owners' rights and has recovered more than $55 billion for shareholders."
Working together, Milberg and GO intend to pursue corporate remedies that include governance structures that provide long-term management accountability and improved shareholder value.
Notes to editors:
Kreab Gavin Anderson is a global strategic communications consultancy with offices in 25 cities around the world.
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