Some large public pension$$ funds, such as CalPERS$($the California Public Employees Retirement$$ System$),$ take an activist role in corporate governance.

B$.$

One study found that during the $1990$s firms with fewer restrictions on shareholder power performed worse than firms with more restrictions.

C$.$

Given the importance of shareholder action in corporate$$ governance, researchers and large investors alike have become increasingly interested in measuring the balance of power between shareholders and managers in a firm.

D$.$

In $2004$ with the Walt Disney$$ Company, major shareholders were dissatisfied with the recent performance of Disney under longminustime CEO and$$ Chairman, Michael Eisner. They began an organized campaign to convince the majority of Disney shareholders to withhold their approval of the reelection of Eisner as director and chairman of the board.