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Higher Premiums for Well-Run Boards

McKinsey & Co. asked institutional investors, chief executives, and directors to 
compare two well-performing companies and state whether they would pay a 
premium for the one with better governance. The results:


GROUP                          PREMIUM

INSTITUTIONAL INVESTORS:          11%
DIRECTORS:                        14%
CHIEF EXECUTIVES:                 16%

DATA: McKINSEY & CO.


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Updated Sept. 4, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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