RiskMetrics Group today released its 2010 updates to its benchmark proxy voting guidelines. These global updates are developed as part of an extensive process that includes broad-based outreach to financial market participants. RiskMetrics’ governance analysts will begin applying the updated policies to all companies with shareholder meeting dates on [...]
Filed under: Saving Money, Fraud
I must be really important, because two "Who's Who" publications have chosen me for inclusion in their publications. The e-mails arrived in my mailbox this week.U.S. Senator Christopher Dodd today introduced a long-awaited financial regulatory reform bill that includes a variety of significant corporate governance provisions, including proxy access, “say on pay,” and majority voting.
Dodd, Senator Charles Schumer, and seven other Senate Democrats introduced the 1,136-page bill, which also would create a [...]
A message to any Democrat, Republican, or Independent lawmaker who is thinking of abolishing or weakening the Sarbanes-Oxley Act of 2002. As a convicted felon, who committed his crimes in cold blood and with callous disregard for my victims, I will publicly endorse each and every one of you as [...]
The U.S. House Financial Services Committee voted 41-28 today to approve a wide-ranging investor protection bill that affirms the authority of the Securities and Exchange Commission to issue a rule on proxy access.
The legislation, the “Investor Protection Act of 2009,” also would double the SEC’s budget [...]
In the following press release Michigan Attorney General Mike Cox today announced that his office has filed charges against a Wyoming, MI woman accused of defrauding the Michigan State Housing Development Authority (MSHDA) by fraudulently obtaining a mortgage, defaulting on that mortgage and leaving taxpayers [...]
Nine of the 13 Canadian companies that will give shareholders their first vote on executive compensation have agreed in principle on a draft resolution that will appear on proxy ballots in 2010. The resolution is drawn from a draft model “say on pay” policy crafted by the Canadian Coalition [...]
In the following press release Joseph P. Russoniello, United States Attorney for the Northern District of California announced that Michael Chou pleaded guilty in federal court today to wire fraud conspiracy. [Information]
In pleading guilty, Chou admitted that, in a scheme that began in 2003 and continued until approximately [...]
