Send Your Comment To SEC On Its Proposals To Improve Corporate Governance

The Securities and Exchange Commission voted on three measures to improve corporate governance and help restore investor confidence.

The Commission proposed requiring public companies receiving money from the Troubled Asset Relief Program (TARP) to provide a shareholder vote on executive pay in their proxy solicitations The Commission also voted to propose better disclosure of executive compensation at public companies in their proxy statements, and approved a New York Stock Exchange rule change to prohibit brokers from voting proxies in corporate elections without instructions from their customers....The NYSE's proposal will apply to shareholder meetings held on or after Jan. 1, 2010.

Take advantage of the public comment period and submit your commentary to the SEC.

Public comments on the first two items must be received by the SEC within 60 days after their publication in the Federal Register. The full text of the proposed rule amendments will be posted to the SEC Web site as soon as possible.