Wednesday, November 30, 2005

Cox embarks on first governance initiative


Christopher Cox, chairman of the Securities and Exchange Commission since August, is set to embark on his first corporate governance initiative.

The chief US financial regulator is on Tuesday expected to propose that public companies be able to choose to provide shareholders with proxy statements via the internet.

The SEC plan to reform how companies furnish shareholders with proxy statements has two features that are likely to become major themes of Mr Cox's time at the regulator. First, it should save companies money. Secondly, it harnesses technology in an effort to give investors better information.

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