The Harvard Law School Forum on Corporate Governance and Financial Regulation » Comment Letter of Eighty Professors of Law, Business, Economics, or Finance in Favor of Facilitating Shareholde

The Harvard Law School Forum on Corporate Governance and Financial Regulation » Comment Letter of Eighty Professors of Law, Business, Economics, or Finance in Favor of Facilitating Shareholde:

"Lucian Bebchuk, Harvard Law School, on Tuesday August 18, 2009 at 9:18 am

I submitted to the SEC yesterday a comment letter on behalf of a bi-partisan group of eighty professors of law, business, economics, or finance in favor of facilitating shareholder director nominations. The submitting professors are affiliated with forty-seven universities around the United States, and they differ in their view on many corporate governance matters. However, they all support the SEC’s “proxy access” proposals to remove impediments to shareholders’ ability to nominate directors and to place proposals regarding nomination and election procedures on the corporate ballot. The submitting professors urge the SEC to adopt a final rule based on the SEC’s current proposals, and to do so without adopting modifications that could dilute the value of the rule to public investors."