Securities and Exchange Commission (SEC) limits rights of shareholders to participate in the nomination of directors

While socially responsible investors and shareholder advocates applaud the decision by the SEC (November 28, 2007) not to pursue its controversial process to curtail or even eliminate the right to file shareholder resolutions, many of them strongly oppose the SEC decision to limit the rights of shareholders to participate in the nomination of directors. Most U.S. investors, when polled, believe that the SEC should be further opening up corporate boardrooms, rather than shielding them from the scrutiny and feedback legitimately offered by the investors who are stakeholders in these publicly owned companies.
www.socialinvest.org & www.SaveShareholderRights.org & www.sec.gov

Published in sections: Eurosif ::