Word: acsr
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...Advisory Committee on Shareholder Responsibility (ACSR) came through with few surprises and no major controversies this spring. It merely continued on its moderately liberal way on most proxy issues, guided by a consistent majority of the committee...
...letter to the SEC the Corporation subcommittee stressed the limited nature of the reforms and applauded the ACSR's endorsement of required disclosure on a limited number of issues...
Members of the ACSR have said previously that the committee recommended disclosure only on issue which have been the focus of "major national legislation," such as equal employment hiring, political contributions and environmental protection...
...memo containing the proposals for reform, the ACSR stressed that rules requiring more disclosure would aid in "investor knowledge," and did not address the possibility that required disclosure of information might force corporations to change policy...
Members of the ACSR have said that the SEC is only legally able to implement disclosure reforms because of improved investor information, and that the ACSR memo emphasized this virtue of its proposed reforms...