Word: reformations
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...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, they proposed the bar to be eligible be raised to five to 10 percent ownership in the company for at least one year. Currently, the proposal requires only a one percent stake to nominate...
...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 School professor and principal author of the letter John C. Coates once worked...
...Handed a mandate to steer Japan out of a malaise of economic crisis and failed social systems, the next Prime Minister of Japan and his party need to reverse the nation's lost confidence in government leadership. A misstep, scandal or lack of fortitude in reform could cost the DPJ the upper-house elections next July - a severe check on the new administration's progress. Experts pinpoint five areas where the new ruling party should put its focus to get the nation back on track...
...global economic crisis dealt a blow to Japan's export-led economy, and there was little to fall back on. Domestic consumption and investment need to be closer to the center of economic growth, and that requires major change, including regulatory reform. Leaning less on export-oriented growth doesn't mean cutting back on exports if the government uses deregulation to stimulate domestic consumption, says Naohiro Yashiro, an economics professor at Tokyo's International Christian University. The DPJ plans to do that by increasing household income through monthly child allowances and the elimination of highway tolls, which should have...
...urban areas were benefiting the nonpoor. In other words, those who least needed their consumption subsidized were getting most of the benefits. In the run-up to the 2005 presidential elections, all the candidates across the political spectrum, including the subsequent winner Mahmoud Ahmadinejad, promised to implement a reform of the gasoline subsidy program. Yet, as in the U.S., unlimited cheap gas was popular in Iran, and politicians were hesitant to touch...