The Wall Street Journal has an interesting article from Clark Judge and Richard Torrenzano regarding the likely effect of the expected 2010 vote by the SEC to grant additional proxy access to shareholders.
The article states that, on the one hand, theoretically, granting more proxy access to shareholders will deliver “shareholder democracy” and create an environment in which execs will feel more compelled to explain and defend their decisions.
However, in practice, more proxy access for shareholders will more than likely create a level of chaos that Wall Street must be prepared to deal with.
The following are all among the factors contributing to what the article says could be a very new environment for board oversight and voting moving forward:
See full Article.
Posts
