Getting your player ready...
WASHINGTON — The Securities and Exchange Commission said Wednesday it wanted to hear from the public about several issues related to the proxy system, the process by which shareholders elect directors and vote on corporate- governance proposals.
The commission voted unanimously to issue what it calls a concept release, which seeks comment on three broad areas of the proxy system: the accuracy, transparency and efficiency of the voting process; communications and shareholder participation; and the relationship between voting power and economic interest.
