Monday, November 9, 2009

SEC Looking at Proxy Voting Mechanics

Nothing new in the news here, but I dutifully pass it along.

The chairman of the Securities and Exchange Commission, Mary Schapiro, gave a speech November 4 to the Practicing Law Institute, and addressed the issue of shareholder voting.

First, by way of throat clearing, she said things like this: "I know that we might sit on opposite sides of the table in any given matter, but I believe that all of us — regulators, attorneys, and business people alike — all share the common goal of ensuring that our capital markets work — and work fairly and effectively."

But, hey, why should I offer you a Readers' Digest version of what she said? Here is the link.

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