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"The SEC Takes a First Step Toward Reform"

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.)



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.