n a Letter to the Editor of The Wall Street Journal published May 5, 2015, Professor Arthur Pinto responded to the Apr. 23 op-ed “Getting the Politics Out of Proxy Season.”
Pinto finds faults in op-ed author James Copland’s assessments that political and corporate issues are two distinct and separate concerns. “Are proposals on executive pay political?” he writes. “Executive pay was a political issue in 1992 but now it concerns both politics and corporate governance.”
Pinto believes the Securities and Exchange Commission has taken the right approach distinguishing shareholder issues as significant to the company and its business, but to not society as a whole.