Wednesday, July 28, 2010

The Dodd-Frank Financial Regulation Bill and Corporate Proxies

Under the Dodd-Frank Financial Regulation Bill, the SEC will now give corporate and mutual fund shareholders more to say in boardrooms. There will be more access to proxies for nominations of board members.

Lots of theoretical platitudes, but little that shareholders are really interested in. Nothing bottom-line that shareholders are actually able to learn about or act upon, or even profit from in the real world.

Great for populist politicians who pass laws, and for plaintiff lawyers to wax rich on.

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