Angst at Elan

In advance of this week's board meeting for Elan Corp. plc (NYSE: ELN), management is working to tamp down dissident directors, who want to conduct their own review of the company's corporate governance, as well as activist shareholders.

At the Sept. 15-16 meeting, law firm McKenna, Long & Aldridge will present its independent review of Elan corporate governance, which was commissioned by the company...