Understanding The 'Shareholder Bill of Rights'

Law360, New York (November 9, 2009, 4:48 PM EST) -- In the wake of the financial crisis, many shareholders began demanding greater transparency, broader accountability and corporate reform to curb excessive executive compensation and risky business practices.

In response to these calls for reform, legislators and federal regulators began stepping up their efforts to demand that shareholders have a stronger voice in the corporate governance of U.S. public companies.

A recent example is the Shareholder Bill of Rights Act of 2009, introduced by Senators Charles Schumer, D-N.Y., and Maria Cantwell, D-Wash.[1]

Positioned as a way to...
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