Word: proposall
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
A group of Harvard professors have petitioned the Securities and Exchange Commission to alter its current proposal to give shareholders the power to nominate members of company boards, a change they say would increase companies’ exposure to volatile investor sentiment.
The professors—a group of Law School and Business School experts on corporate governance—argue in a letter sent to the SEC in mid-August that any proposal to increase shareholders’ influence on board member selection needs to be more restrictive. They wrote that...
In their letter, the Harvard professors endorse the intent of the proposed reform but push for revisions to the specifics of the proposal. Instead of the current reform’s rule that shareholders be able to nominate directors with as little as a one percent stake in the company...
The SEC’s proposal, a cornerstone of Chairwoman Mary L. Schapiro’s financial reform agenda, has aligned in opposition a powerful constellation of some this nation’s largest and most prestigious law firms and Fortune 500 companies, including Wachtell, Lipton, Rosen & Katz, where Law...
And among these academics who ostensibly support the idea behind the proposal, skepticism remains.