Audio – House’s Frank plans shareholder rights bill

January 11, 2007

barneyfrank4.jpg

It’s time for legislation to help U.S. shareholders who are fed up with fat executive pay and retirement benefits, says the chairman of the House Financial Services Committee. Barney Frank, a Massachusetts Democrat, says he hopes to have a bill passed by mid-2007 that would give shareholders a bigger say in how their companies are run and a chance to vote on “clawback” provisions if a CEO misses performance targets. Frank described what he has in mind while speaking at the Reuters Regulation Summit.

 

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/