SEC to examine mechanics of shareholder voting
Mary Schapiro, chairman of the Securities and Exchange Commission, said the agency plans to conduct a comprehensive review of shareholder voting. The SEC will look into why fewer retail investors are voting, how proxy votes are cast and the accuracy of vote tabulation. "Our goal is to determine if some information we already require should be omitted and if some information we don't require should be added," according to Schapiro's prepared remarks about the initiative. "Our efforts will be targeted at making sure that investors are receiving the right information and not just more information."
Wall Street Journal, The
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This story published in SIFMA SmartBrief on 11/05/2009
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