Thursday, November 5, 2009

SEC of USA is Reviewing Shareholder Voting

The Securities and Exchange Commission of USA is launching a comprehensive review of the mechanics of shareholder voting, including how and by whom proxy votes are cast, whether vote tabulations are accurate and why voting participation of retail investors is down, SEC Chairman Mary Schapiro said Wednesday. The SEC also is examining the line item disclosure requirements that companies are required to provide in their quarterly and annual reports.

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Dr.Tabrez Ahmad,
Associate Professor of Law,
KIIT University, Bhubaneswar, India,
Website: www.kls.ac.in, www.technolexindia.com
Profile: http://www.google.com/profiles/tabrezahmad7.
Blogs: http://www.blogger.com/profile/15337756250055596327
Research Papers: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=1189281

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