The Magazine of Corporate Responsibility

Tag Archive for ‘Corporate Directors’

Federal Appeals Court Vacates SEC Proxy Access Rules

The U.S. Court of Appeals for the District of Columbia Circuit vacated Securities and Exchange Commission rules adopted in 2010 designed to give shareholders the ability to nominate directors through corporate proxy materials. The court ruled that the SEC “acted arbitrarily and capriciously for having failed once again…to adequately assess the economic effects of a new rule.”

Influential Voices in U.S. Board Rooms

Regulators and rulemakers led the list of 100 most influential people affecting corporate governance in America’s board rooms in 2010, according to the National Association of Corporate Directors. Sen. Christopher Dodd and Rep. Barney Frank, authors of the Wall Street Reform and Consumer Protection Law, were re-elected to the list as was Securities and Exchange Commission Chairman Mary L. Schapiro.

SEC Approves Proxy Access for Shareholders

Given the green light by Congress, the Securities and Exchange Commission approved and released a long-awaited rule on procedures under which shareholders can get their nominees for directors included in corporate proxy materials. Under the new rule, shareholders seeking access to proxies would have to own at least 3% of the total voting power entitled to vote at an annual meeting.

SEC Seeks Comments on New Financial Rules

As the Securities and Exchange Commission prepares to deal with a deluge of new rule-making tasks tied to the Dodd-Frank financial reform law, agency Chairman Mary Schapiro announced a new system for soliciting public input on rules. “We are inviting public comment even before the various rules are proposed and before the official comment periods have begun,” she said.

PODCAST: The Failure of Corporate Boards and the Price We All Pay

If you’re one of the many trying to determine where blame might lie for the financial and economic crises of the last two years, John Gillespie would suggest you look in the corporate boardroom. Gillespie is co-author of a new book – Money for Nothing: How the Failure of Corporate Boards Is Ruining American Business and Costing Us Trillions – which is rich with unfortunate detail about the performance of corporate boards. Download a Business Ethics podcast featuring an interview with John Gillespie.

BOOKS: The Failure of Corporate Boards and the Price We All Pay

If you’re one of the many trying to determine where blame might lie for the financial and economic crises of the last two years, John Gillespie and David Zweig would suggest you look in the corporate boardroom. Their new book – “Money for Nothing: How the Failure of Corporate Boards Is Ruining American Business and Costing Us Trillions” – is rich with unfortunate detail.