Say on pay, proxy access are a given, writes Directorship's Judy Warner
The Obama Administration unveiled a sweeping regulatory overhaul early this summer aimed at improving government oversight of banks and markets, supposedly to avert a repeat of the financial crisis. Meanwhile, Congress is moving forward with initiatives that would give more authority to shareholders, and the Securities and Exchange Commission is putting the finishing touches on its plan to give them proxy access.
"You don't get a sense that there's been a change of culture and behavior as a consequence of what has happened. And that's why the financial regulatory reform proposals that we put forward are so important," Obama said in a PBS interview in July.
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