WINNERSLOSERSStockholders7 of 19The new legislation establishes an Office of the Investor Advocate to help the Securities and Exchange Commission to identify problems facing individual investors and to establish regulations to address them.Proxy access rules were also changed to make it marginally easier for shareholders to have a say in the composition of boards of directors. "They watered down the proxy requirement so it's still very difficult for any but the very biggest investors to reach," says Baker.Also under the financial reform act, shareholders are now allowed a nonbinding vote on executive compensation.« Back to Financial Regulation. Related Articles:Fed's monetary policy toolboxHelp for mortgage borrowers?Financial meltdown: Credit cardsHow safe is your bank?Related Links:Types of banking institutionsSafe places for cashHow the economy affects youCommon mistakes in a bad economy advertisement
The new legislation establishes an Office of the Investor Advocate to help the Securities and Exchange Commission to identify problems facing individual investors and to establish regulations to address them.
Proxy access rules were also changed to make it marginally easier for shareholders to have a say in the composition of boards of directors. "They watered down the proxy requirement so it's still very difficult for any but the very biggest investors to reach," says Baker.
Also under the financial reform act, shareholders are now allowed a nonbinding vote on executive compensation.
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