01.17.20
SEC’s Top Democrat Issues Warning Ahead of Departure Next Month
by: Patrick Temple-West; Kadhim Shubber
Robert Jackson, the senior Democratic member of the SEC, has warned that shareholders’ ability to influence corporate boardroom decisions is under threat, in comments ahead of his departure next month. Jackson said in an interview that updates to shareholder advisory and voting regulations “could make it harder for investors to speak their mind going forward." He added, “There is a movement afoot more generally to exclude investors from the ability to talk to the board of directors to determine the future path of American capitalism."
Read the full article on Financial Times