SEC has an opportunity to boost transparency

Federal Times: Through my years of public service and efforts to improve government for the American people, it has become clear that one endeavor stands above the rest in producing better outcomes: increasing transparency. One of the latest calls for improving openness surrounds the proxy voting process for investors and shareholders.

Consequently, the Securities and Exchange Commission hosted a roundtable event to discuss reforms and rule changes to the shareholder proxy voting process. Although the proxy advisory firms argued that they do not need more regulations for greater transparency, the SEC should continue pursuing options to increase the transparency of the proxy advisory process.

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