SEC

Wednesday, June 20, 2012

An ugly sign of the times...

The persistent efforts urging the SEC to regulate proxy advisory businesses is an ugly sign of the times... it's advice that is the purchaser is under no obligation to follow and yet there is determined efforts to undermine the industry.  June 15, 2012.  see also this post at governmentcapture.com. … June 20, 2012 | proxy , Corporate Power , Government Capture , SEC
Thursday, July 28, 2011

SEC Proxy Rules Decision

Bob discusses the DC Circuit Court decision regarding the SEC proxy rules in Dodd-Frank.  The ruling  "tells you more about the Court than it does the issue or the SEC."   July 26, 2011. July 28, 2011 | CEO power , directors , SEC , proxy , Dodd-Frank , regulation
Thursday, July 28, 2011

DC Circuit Court decision preserves CEO power

Regarding the DC Circuit Court on SEC Proxy rules:  a legal system that preserves the hegemony of the CEOs.  What does a board do that would be impossible to do with an outside director there?  July 26, 2011. July 28, 2011 | CEO power , directors , SEC , proxy
Monday, May 24, 2010

Shareholder Resolution Process: SEC no-action letters

Bob Monks discusses his experience as an Exxon shareholder and why the SEC should no longer issue no-action letters on shareholder resolutions. May 24, 2010. May 24, 2010 | SEC , no-action letters , shareholder resolutions , shareholder activism
Thursday, January 24, 2002

SEC response to shareholder resolution proposing that Exxon separate the CEO and chairman 2002

SEC refusal to support the shareholder resolution proposing that Exxon separate the CEO and Chairman 2002. January 24, 2002 | Exxon , annual meetings , SEC , independent chairman , shareholder activism , shareholder resolutions
Friday, June 14, 2013

The Political is Commercial: Washington's Revolving Door

The political is commercial -- it's a play on the seventies slogan, "the personal is political."  But it's true and it came to mind recently as I read Eleanor Bloxham's article about SEC Chair Mary Jo White and Washington's "revolving door." To put it simply: government jobs are worth… June 14, 2013 | SEC , Corporate Power , Government Capture
Tuesday, April 24, 2012

A Happy Monopoly - Ratings Agencies

Happy monopoly describes the ongoing status of the SEC approved rating companies (Nationally Recognized Statistical Rating Organizations – NRSRO).  Notwithstanding that the Financial Crisis Investigation Commission and Senator Carl Levin’s Subcommittee on Oversight confronted the CEOs of the big ratings firms whose crisis-related pay went up by a multiple… April 24, 2012 | proxy , SEC , CEO power , Corporate Power , accountability
Monday, February 6, 2012

Attacking Proxy Advisors

  Since the passage of Dodd-Frank, in the summer of 2010, there has been a constant drumbeat from representatives of the corporate community, particularly the Business Roundtable and the U.S. Chamber of Commerce, regarding the need for an increased level of regulatory oversight focused on proxy advisory firms.  … February 6, 2012 | proxy , Capture , SEC , institutional investors , shareholder activism
Friday, December 2, 2011

Judge Rakoff Rejects the SEC Deal with Citigroup

Truthdig named Judge Jed Rakoff "Truthdigger of the Week," and rightly so.  Judge Rakoff performed a public service in rejecting the SEC's deal with Citigroup this week.  These no-fault settlements are nothing but corporate power over government and regulation in its purest form.  We hear the same excuses all… December 2, 2011 | Capture , Corporate Power , SEC
Friday, September 9, 2011

Shut the SEC and start over

I was particually interested in William D. Cohan's recent piece for Bloomberg, "Big Reason to Shut SEC, Start Over."   Certainly, recent reports show the SEC to be less than effective regulators of Wall Street -- whether it's lazy, inept or worse -- but the agency has been problematic for… September 9, 2011 | SEC , regulation , CEO power
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