All you compliance and financial reporting executives frustrated with corporate reporting in the United States, here’s your big chance: The Securities and Exchange Commission is finally giving the federal proxy system a long-overdue review.
The SEC published a 151-page concept release last week, asking dozens of questions about what the agency should consider as it tries to bring America’s antiquated system of proxy voting into the modern age. The public now has 90 days to submit its comments.
The release focuses on three broad issues: accuracy and transparency in the proxy voting process; effective ways for shareholders and corporations ...