New from ShareOwners.org and the Council on Institutional Investors ...

"The case for a uniform federal proxy access rule for the election of corporate directors is stronger today as the result of a major new study finding that the alternative permitting company-by-company decisions on such access would effectively lock out shareholders at about 40 percent of top U.S. companies.

Titled "The Limits of… Continue

By far the most wide-ranging financial services reg reform bill to date was unveiled today by Senate Banrking Committee Chairman Chris Dodd (D, CT) as a discussion draft. In announcing the bill, Chairman Dodd made clear that he is seeking the input of his colleagues on both sides of the aisle.

Of primary concern to ShareOwners.org are the provisions dealing with corporate accountabiltiy (Subtitle E of Title IX), strengthening corporate governance (Subtitle G of Title IX) and other securities-re… Continue

Proxy Access legislation is moving in the US House of Representatives this week. Concerned ShareOwners should be prepared to contact members of the House Financial Services Committee as soon as possible to support the Waters-Peters amendment , which will go to a roll call vote on Wednesday. The amendment seeks to affirm the SEC's current authority to propose proxy access rules mandating that public companies disclose in their proxy materials the names of all candidates running in director electi… Continue

Today shareholders scored a major victory at the Securities and Exchange Commission, winning a reversal of the Bush administration policy that had allowed companies to exclude shareholder resolutions requesting information on the financial risks associated with environmental, human rights and other social issues facing companies. In Staff Legal Bulletin 14E issued today, the Division of Corporation Finance announced that from this point forward shareholder resolutions will be evaluated based on… Continue

Fortune Magazine asks the question “Who cares if Wall Street 'talent' leaves?” In an October 23, 2009 article (http://money.cnn.com/2009/10/23/news/newsmakers/fed.feinberg.fortune/index.htm?postversion=2009102310)
they address critics’ concern that reining in pay makes it hard to keep talented employees. While saying “Godspeed to this "talent"”, they note the billions of dollars in… Continue