Political Quotes

“I include in the Record the Republican bill summary from the majority on the Rules Committee for H.R. 4015. Committee on Rules Pete Sessions, Chairman--December 11, 2017 H.R. 4015--Corporate Governance Reform and Transparency Act of 2017 Purpose: To improve the quality of proxy advisory firms for the protection of investors and the U.S. economy, and in the public interest, by fostering accountability, transparency, responsiveness, and competition in the proxy advisory firm industry. Background and Legislative History: Each year, public companies hold shareholder meetings at which the company's shareholders vote for the company's directors and on other significant corporate actions that require shareholder approval. As part of this annual process, the Securities and Exchange Commission (SEC) requires public companies to provide their shareholders with a proxy statement before shareholder meetings. A proxy statement includes all important facts about the matters to be voted on at a shareholder meeting, including, for example, information on board of director candidates, director compensation, executive compensation, related party transactions, securities ownership by certain beneficial owners and management, and eligible shareholder proposals. The information contained in the statement must be filed with the SEC before soliciting a shareholder vote on the election of directors and the approval of other corporate actions.…”