House Bill Calls For Greater Proxy Transparency

Law360, New York (July 29, 2009, 12:51 PM EDT) -- As the U.S. House of Representatives takes up consideration of say-on-pay legislation, Rep. Mary Jo Kilroy, D-Ohio, has introduced a companion bill that would require all institutional investors to disclose information about all proxy votes — including executive pay — to shareholders.

Kilroy submitted on Monday H.R. 3351, the Proxy Voting Transparency Act of 2009, which she said was aimed at adding a new layer of transparency to the corporate governance process by giving shareholders access to information about votes cast on their behalf by institutional...
To view the full article, register now.