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March 22, 2007


The SEC studies regulating corporate voting

According to the Wall Street Journal, the SEC is studying regulating so-called "empty voting" -- that is, corporate voting without owning shares. This would move the federal government into another area formerly controlled by state corporate law. This is part of the attack on hedge funds, fueled by the fairy tale of "shareholder democracy." Here's an analysis of what's really at stake.

Posted by Larry Ribstein at 07:29 AM | TrackBack (0)



categories:
Corporate Governance









 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.