Is there too much or too little shareholder activism and democracy? The Securities and Exchange Commission, in recent roundtable discussions, called for reexamination of the rights of shareholders to place shareholder resolutions on the corporate ballot. Attorney Sanford Lewis and Journalist Bill Baue, Corporate Watchdog Radio cohosts, discuss the array of ideas and pressures at work on the SEC. We hear excerpts of comments from David Hirschmann of the US Chamber of Commerce, Damon Silvers of the AFL-CIO, Bill Mostyn, Bank of America, and Delaware Judge Leo Strine. The future of shareholder democracy may hang in the balance.
Article by cohost Bill Baue on the SEC Roundtables