Holding Corporate Directors Accountable

November 03, 2009

The current economic meltdown has destroyed $11 trillion in family wealth, pushed unemployment above 10 percent and threatened millions with home foreclosure. Part of the solution is to hold corporate directors accountable for the risky decisions they make and the executive pay schemes they approve that promote greed.

Proxy access gives shareholders the power to replace these corporate directors, and this week the House Financial Services Committee will be voting on a proxy access amendment sponsored by Rep. Maxine Waters (D-CA) and Rep. Gary C. Peters (D-MI). The Chamber of Commerce is aggressively mobilizing to defeat this amendment and protect corporate insiders.

Visit ShareOwners.org for more information and to take action to hold corporate directors accountable and help prevent another financial crisis.