I was particularly interested in William D. Cohan's recent
piece for Bloomberg, " Big
Reason to Shut SEC, Start Over. " Certainly, recent reports
show the SEC to be less than effective regulators of Wall Street -- whether
Jesse Eisinger posted a very good piece on the SEC and
ratings agencies today ( SEC
keeps the Ratings Game Rigged ). He writes about the Egan-Jones case,
"This is your S.E.C., folks. It courageously assails tiny firms, and at
the pace of a three...
"What is of more concern
to shareholders is that it looks like C.E.O. pay is recovering faster than
company fortunes," said Paul Hodgson, chief communications officer for
GovernanceMetrics International, a ratings and research firm ("...
Over the last several months I took some time to look at
several Corporate Governance concepts that I found confusing or inapt. I
heard from a lot of you and there was some interesting discussion. What
are we to make of it? So many of the foundational...
I think the whole experience of delivering highly
publicized speeches (my recent International Corporate Governance Network (ICGN) speech is here ) to an entire
constituency gives you the opportunity to ask a self-answering
question. And the real question...
The public release of the GMI
Risk List on October 12, 2011 raises the most critical question of
fiduciary responsibility. There has been extensive discussion of the
propriety of trustees' investing in index funds due to the probability that
I continue to be impressed with the Occupy Wall Street
protesters. They are a daily, hourly reminder of the dysfunctionality of
our political and economic system, and of the power appropriated by a small
group of people in this country. People say...