Tag Archives: Mary Schapiro

Sustainability News Roundup

The TakeAway: BP’s transparency, the power of proxy advisory firms, and uncontrolled campaign spending BP disaster: truth or “integrated spin”?  | Today’s New York Times and Wall Street Journal report that Halliburton knowingly supplied “unstable” cement to BP to seal … Continue reading

Posted in Corporate Governance, Corporate Political Activity, Corporate Reporting, Corporate Sustainability, Investor Governance, Proxy Voting, Public Policy | Tagged , , , , , , , , , , , , , , | 2 Comments

Say-on-Pay: A Bird’s Eye View

The TakeAway: New SEC rules on executive compensation advisory votes take steps toward broader board-shareholder engagement. On Monday afternoon, the SEC proposed rules for Say-on-Pay (shareholder advisory votes on executive compensation) and golden parachutes (big payouts to executives dismissed after … Continue reading

Posted in Corporate Governance, Public Policy, Stakeholder Engagement, Sustainable Investing | Tagged , , , , , | 3 Comments

Proxy Access & Shareholder Citizenship: The Quest for Inclusion

The TakeAway: New SEC rule allows shareholders to nominate board candidates, a major victory for corporate democracy. Yesterday was historic: the SEC granted shareholders the power to nominate candidates for board director elections.  The 3-2 vote along party lines ended … Continue reading

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We the People, or Corporate Lobbyists: Whose Interests Will the SEC Serve?

Part One of Two Parts The TakeAway: SEC Opens  Door Further to Public Engagement as Ex-Regulator Lobbyists Rush In Two developments late yesterday demonstrate the high stakes involved when it comes to money and power, and vividly illustrate the imbalance … Continue reading

Posted in Public Policy, Stakeholder Engagement | Tagged , , , , , , , , , | 1 Comment

Good Governance: A Perfect Storm

Part Three of Three Parts President Obama signed the Dodd-Frank Act into law yesterday, capping an extraordinary period of financial and governance reform, stimulated by the collapse of Lehman Brothers 22 months ago.  You could call it “the end of … Continue reading

Posted in Proxy Voting, Public Policy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 4 Comments

Tackling “Corporate-Carditis”: SEC Proposes Quadruple Bypass Surgery on Proxy System

Part Two of a Two-Part Post Yesterday, in a rare expression of unanimity, the five SEC Commissioners all voted to approve a Concept Release that proposes sweeping revisions of the US proxy voting system.  This is akin to quadruple bypass … Continue reading

Posted in Public Policy, Stakeholder Engagement | Tagged , , , , , , , , , | 2 Comments