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Pitt Lambastes SEC Board-Nomination Plan

Pitt has criticized the SEC plan to give investors a voice in nominating candidates to boards of directors.

> > Harvey Pitt, the former SEC chairman, has criticized the SEC for their plans to give some investors a greater voice in nominating candidates to companies boards of directors. Parts of the proposal, which would enable large institutional investors to have a say in picking directors, are -silly and dangerous in the extreme,- says Pitt.
Source: CFO


Published:2004-05-01
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