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THE SEVERITY and rapidly developing nature of last fall's financial crisis seemingly overwhelmed any serious focus on corporate governance as more immediate issues took center stage. In the spring of 2009, with the securities and credit markets seeming to reaching a new--albeit relative--calm, the emphasis was quickly turning, and a renewed focus on corporate governance and proxy voting is emerging. The new administration, new Congress, and new SEC chairman, buoyed by investor anger and a growing demand for change, are poised to bring in a new era of corporate governance and proxy voting reform.

