In a recent Financial Times article, Professor Minor Myers commented on new options for frustrated U.S. shareholders. Whereas unhappy investors once felt their only choices were to sell their stock or sue the company, the SEC has begun to force boards of directors to properly respond to their majority holders. Professor Myers however told the Financial Times that the SEC's new regulations have not made such a difference. “What was amazing about last year – the first year of say on pay in the US – is that shareholders largely ignored the proxy firms,” he said.
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