Investment advisors may be subject to 'surprise' visit by public accountant
The Securities and Exchange Commission plans a series of moves next month to empower shareholders, including one that will make it easier for them to nominate director candidates for corporate boards, a key regulator said on Monday.
"The commission will be considering a proposal next month to remove the barriers that make it costly and difficult for a company's owners to nominate directors," SEC Chairwoman Mary Schapiro said at an event hosted by the Society of American Business Editors and Writers in Denver. "I believe such proxy access is in no small measure about making boards more accountable for the risks undertaken by the companies they manage."
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