What Does Proxy Access Have to Do with SRI and Corporate Responsibility Issues?
Social shareholder advocates tend to agree that the more diverse and independent a board is, the more likely it is to care about stakeholder concerns and the reputation of the company. Proxy access addresses the issue of shareholder democracy, investor rights, and the accountability of boards–all of which were largely ignored by regulators before the current spate of accounting scandals. Allowing shareholders to nominate board candidates will begin to address these concerns and increase the likelihood that boards will pay more attention to the responsibilities a company has to its many constituents, including communities, workers, and the environment. Where Can I Find the Proposed Rule? The entire rule can be found at the SEC’s web site: http://www.sec.gov/rules/proposed/34-48626.htm. What are the Triggers the SEC is Referring to? According to the newly proposed rule, security holders gain the right to nominate a candidate only after one of two triggering events has occurred: (1) 35%
Related Questions
- Corporate sustainability reports. Where can I go to find various Corporate Social Responsibility or Sustainability Reports or links?
- Where can I find various Corporate Social Responsibility or Sustainability Reports or links?
- What Does Proxy Access Have to Do with SRI and Corporate Responsibility Issues?
