by David Schwartz J.D. CPA, Executive Director | Sep 19, 2012 | All
Mutual funds hold substantial power to influence corporate governance around the world. In the United States alone, mutual funds own over a quarter of the outstanding shares of U.S. stocks. Clearly, this represents an enormous amount of the voting power. And, along...
by David Schwartz J.D. CPA, Executive Director | Sep 19, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
Despite the legislation’s two-part name, “The Wall Street Reform and Consumer Protection Act,” SEC Chairman Mary L. Schapiro understands financial regulatory reform and consumer protection to be one thing, not two separate goals. In her October 26,...
by David Schwartz J.D. CPA, Executive Director | Sep 14, 2012 | All, Formal Regulatory Remedies
As Mark Twain famously said, “The rumors of my death have been greatly exaggerated.” The same can be said for about the rumors of the death of money market reform, following the SEC’s announcement that it’s leaders could not reach consensus on...
by David Schwartz J.D. CPA, Executive Director | Aug 28, 2012 | All
The real question today is whether management and the board have the right governance processes in place to drive the critical business activities—to manage risk and calibrate strategy in a coordinated way. As companies move beyond managing financial crisis issues,...
by David Schwartz J.D. CPA, Executive Director | Aug 23, 2012 | All, Change Overview and Rationale, Formal Regulatory Remedies
In an August 22, 2012 statement SEC Chair Mary Schapiro announced that the much anticipated money market reforms she has championed have hit a wall. It had been expected that the Commission would consider next week options for further reform like a free floating NAV,...
