 |
Sarbanes-Oxley News & Developments
Shareholder Reforms Fall ShortProposed regulations enable shareholders to nominate directors but this provision would only be after a two-year process.
> > The SEC plans to make it easier for shareholders to elect company directors does not go far enough, according to a group of treasurers and other officials who run some of the largest pension funds.
The managers insist that the rules still favor management since they do not give shareholders a new voice on the boards, according to the New York Times. The proposed regulations would enable large shareholders to nominate as many as three directors for the largest boards. But, this provision would only be triggered after a two-year process.
Source: CFO
Published:2003-10-06
|
|
