The Securities and Exchange Commission questioned the public to comment on changes to the voting system, including whether companies need more information about the identity of their shareholders.There are more than 13,000 meetings a year where shareholders can vote in person, via the Internet or by phone, or by mailing in a proxy form.The SEC issued a discussion paper to examine the accuracy and transparency of the voting process, shareholder participation and the relationship between voting power and economic interest.The agency is exploring whether rules are needed for proxy advisory firms and how to get more shareholders to participate in the governance of their companies.Schapiro has said she wants to give shareholders more say in how companies are governed.
Posts Tagged ‘Priority’
SEC eyes changes to shareholder voting system
July 14th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Accuracy, Advisory Firms, Board Directors, Broker Dealers, Composition, Corporate Directors, Discussion Paper, Economic Interest, Governance, Investors, Priority, Relationship, Schapiro, Securities And Exchange, Securities And Exchange Commission, Shareholder Participation, Shareholders, Transparency, Voting Power, Voting System 
Comments OffOpposition to uptick rule might deter resurrection
May 23rd, 2009 Before You Invest While the Securities and Exchange Commission proposed resurrecting the uptick rule, traders, mutual funds and other market participants, including companies that blame small selling for their depressed share prices, expressed opposition to the go. “We know that the practice of small selling evokes strong opinions from both its supporters and detractors,” SEC Chairwoman Mary Schapiro said. “I’ve made it a priority to evaluate the issue of small-selling regulation and ensure that any further policies in this area are the results of a deliberate and thoughtful process.”more athttp://www.bloomberg.com/apps/news?pid=20601208&sid=aPO.OOga5rN4&refer=finance
SEC to Consider Short Selling Rules
May 5th, 2009 Before You Invest The head of the Securities and Exchange Commission said Tuesday she is making the issue of new rules restricting small-selling a priority as the agency heard from an array of interests about ways to limit trades that bet against a stock.Investors and lawmakers have been clamoring for the SEC to place new brakes on trading moves they say worsened the market’s downturn.Small-selling involves borrowing a company’s shares, selling them, then buying them back when the stock falls and returning them to the lender. The small seller pockets the difference.Investor confidence has been shaken as the market has plunged and new constraints against abusive trading are needed, say proponents of restoring a Depression-era rule that prohibits small sellers from making their trades until a stock ticks at least one penny above its previous trading price.
