CRUNCH TIME IN SENATE: SPEAK UP FOR CORPORATE GOVERNANCE REFORMS!
It's time for shareowners to speak up and be heard!
Today (March 22, 2010), the U.S. Senate Banking Committee begins work on a bill to address the causes of the financial crisis.
Please call your Senators TODAY at 202-224-3121 and urge them to support the corporate governance provisions of the Dodd bill.
Tell them we need real financial reform, which includes important and much-needed corporate governance reforms, including proxy access, majority voting and "say on pay."
You can get talking points and other background information here ...
Today (March 22, 2010), the U.S. Senate Banking Committee begins work on a bill to address the causes of the financial crisis.
Please call your Senators TODAY at 202-224-3121 and urge them to support the corporate governance provisions of the Dodd bill.
Tell them we need real financial reform, which includes important and much-needed corporate governance reforms, including proxy access, majority voting and "say on pay."
You can get talking points and other background information here ...
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Comment by James McRitchie on March 22, 2010 at 2:13pm
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I applaud this action. I agree that in uncontested elections, directors should be elected by a majority of votes cast. However, the bill needs amendments to give this provision teeth or else boards will simply refuse to accept the resignations of directors who fail to win a majority vote. Please ask you senators to amend the bill so that directors who fail to get a majority vote must be removed within 90 days.
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