I think there is a great risk when the SEC relaxes all of its filters and permits any proposal to be submitted, especially the social proposals where the judgment of the SEC staff alone will determine whether a proposal needs to be submitted or not and is without any nexus to the corporation or its shareholders.
McHenry expresses concern over SEC's relaxed proposal submission process.
Share
More from Pat McHenry
under the current leadership, we have seen FSOC expand its regulatory reach to fit the Administration's political priorities.
I thank the Chair, and I thank the panel for being with us today to continue our investigation of the poisonous culture at the FDIC.
Is this a place where you would want to work? Based on your spending weeks on this project, would you want to work in this environment?
Other voices in this conversation
