The recharged regulatory agency under Mary L. Schapiro faces multiple mandates as she enters her second year as chairman.
The sharpened focus of the Securities and Exchange Commission under Chairman Mary L. Schapiro may well be the single most important shift in the corporate governance landscape this year. The SEC is, in effect, asking board directors not just what they can do for their company, but what they can do for their country. It's clear that board directors now need to fully understand the implications of their performance and their responsibilities to shareholders. In tackling this issue, NACD Directorship sought to find if there is a consensus around Schapiro's performance in carrying out the agency's renewed aggressive, activist mission.
The result is a profile of the federal agency most visibly aligned with markets and risk--a story both inspiring and impressive but daunting in its implications for boards of directors and their companies. As Schapiro embarks on her second year in office, the SEC's 29th chairman commands a laundry list of initiatives that include crucial legislative proposals, with proxy access prominent among them.
See full Article.
Posts
