Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Shareholder Bill of Rights Act Introduced

Melissa Klein Aguilar | May 19, 2009

The highly anticipated Shareholder Bill of Rights Act of 2009 has reportedly been introduced in the Senate today and press releases opposing and supporting the legislation are already flying.

As Compliance Week has reported, the bill, sponsored by New York Democrat Charles Schumer, would, if passed, require companies to:

Provide an annual non-binding shareholder vote on executive compensation;
Provide shareholders a vote to approve golden parachutes;
Give shareholder access to the proxy for board nominations;
Split the chairman and chief executive roles;
Hold annual director elections;
Implement majority voting for directors and
Establish risk committees comprised of independent directors

The Council of Institutional Investors issued a ...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.