Months backdating case sentence reyes securities ceo corporate scandals justice
WE HAVE FILED A FORMAL PETITION FOR RULEMAKING AND SUPPLEMENTARY COMMENTS WITH THE SEC TO ELIMINATE THE RULE.YOU CAN ASSIST TO BRING ABOUT MUCH NEEDED CHANGE BY EMAILING YOUR COMMENTS DIRECTLY TO THE SEC.LIKE MANY INVESTORS WHO TRY TO PRESSURE COMPANIES TO CHANGE STRATEGIES OR MANAGEMENT ...INVESTS ONLY IN COMPANIES THAT FALL BEHIND THEIR PEERS. BREEDEN'S A FORMER SEC CHAIRMAN SEEMS TO GIVE HIS CAMPAIGNS MORE CLOUT.... CORPORATIONS")WHY SHOULD YOU CARE WHETHER MEMBERS OF CORPORATE BOARDS OF DIRECTORS, WHO SUPPOSEDLY SUPERVISE CORPORATE BEHAVIOR, ARE ACCOUNTABLE TO ANYONE?UNTIL SHAREHOLDERS CAN SEEK PERSONAL ACCOUNTABILITY OF DIRECTORS THROUGH AN ECONOMICALLY FEASIBLE PROCEDURE, MANAGEMENT AND DIRECTORS, THEIR FIDUCIARY DUTY TO SHAREHOLDERS NOTWITHSTANDING, WILL CONDUCT "BUSINESS AS USUAL." A RULE OF THE SECURITIES AND EXCHANGE COMMISSION ("SEC") HAVE CAUSED THE PROBLEM.'This would have implications for executive compensation, nominating directors, and other corporate governance matters. Bogle doesn't think that the mutual fund industry will rush to embrace his idea.The powerhouses in the business have battled fiercely against attempts to shine sunlight on their practices or rid their operations of conflicts." "Institutional asset managers, overseeing trillions of other peoples investment dollars, carry enormous clout across corporate America.
") THE PERFORMANCE OF CORPORATE DIRECTORS WILL ONLY IMPROVE WHEN THEY CAN BE HELD PERSONALLY ACCOUNTABLE TO SHAREHOLDERS FOR THEIR ACTIONS, E.
TO A GREAT DEGREE, CORPORATIONS CONTROL THE QUALITY OF THE FOOD WE EAT, THE AIR WE BREATHE, THE POLITICAL CANDIDATES TO WHOM SUBSTANTIAL FUNDS ARE CONTRIBUTED, AND, ULTIMATELY, THE THOUGHTS WE THINK.
CORPORATIONS EXERCISE SUBSTANTIAL CONTROL OVER OUR DAILY LIVES AND THE LIVES OF OUR CHILDREN.
'I WOULD LIKE TO SEE THEM DO MORE TO ADVANCE THE INTERESTS OF SHAREHOLDERS IN CORPORATE GOVERNANCE,' BREEDEN SAID OF THE SEC.
'THEY HAVE FALLEN SHORT.'" (REUTERS, 1/22/08, "FIRMS KEEP BLOCKING ACTIVIST INVESTOR'S GOAL")One of the most revealing questions dealing with pension funds and lack of better corporate governance is: Why are pension funds wasting time with non-binding shareholder resolutions when they could, under current SEC rules, nominate slates of Director-candidates by running low cost, effective proxy contests?