New Sheriff in Town
The SEC’s Investor Advocate Rick Fleming recently signaled he is taking his job title seriously when he forcefully recommended that the commission nix a NYSE proposed rulemaking to eliminate shareholder approval of certain insider transactions at smaller companies. He noted that until now the NYSE has been operating somewhat under the radar. “Those days are now over,” he declared. “Today I make my first formal recommendation to the commission, and it marks the beginning of my office’s efforts to shine a brighter light on the rule changes by the exchanges, either to oppose proposals that may be detrimental to investors or, conversely, to support the efforts of exchanges to amend their rules in ways that benefit investors,” he added.
News & Highlights
- Nov. 16, 2015 - Statement of Amy Borrus for the Corporate Governance Roundtable hosted by Rep. Scott Garrett, United States House of Representatives: Panel 2: Examining the U.S. Proxy System: Is it Working for Everyone?
- Oct. 7, 2015 - BlackRock Takes Its Own Advice on Proxy Access - The Wall Street Journal
- Oct. 7, 2015 - Key Takeaways: Proxy Access - Latest Developments - JD Supra
- Oct. 6, 2015 - Can A New Paradigm For Corp Governance End A 30 Years War? - Moneycontrol.com
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