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SEC Committee to Get a Makeover Due to Dodd-Frank

Melissa Klein Aguilar | September 13, 2010

The committee created to provide the Securities and Exchange Commission with input on investor concerns is getting a makeover of sorts, courtesy of the Dodd-Frank Act.

The existing SEC Investor Advisory Committee, created in June 2009, is being disbanded and will be constituted to meet the requirements under the reform law, according to a report in the Sept. 10 edition of Global Proxy Watch.

SEC spokesman John Nester confirms that between now and Oct. 1 the existing committee, led by AARP Financial President Richard Hisey and TIAA-CREF head of corporate governance Hye-Won Choi, and its subcommittees, are winding up their work.

"They will be memorializing the state of their work as of that date in a report which will be shared with the new statutory committee that we hope to announce next month, Nester says."We very much... To get the full story, subscribe now.