December 15, 2006

Alex Pollock writes in today's American. A unanimous bipartisan vote of the SEC proposed guidance to reduce the costs of Sarbanes-Oxley compliance.

The news from the SEC wasn't all good; in yesterday's American, Peter Wallison takes issue with the SEC's failure to act on a Delaware court's request for clarification on proxy material inclusion rules. "The prospect that annual shareholder meetings in 2007 will become politicized by contests between shareholder activists and corporate managements has become very real." (Update: Larry Ribstein comments.)