Chuck Schumer actually said...

"First, we require all public companies hold an advisory shareholder vote on executive compensation and obtain shareholder approval for golden parachutes."

"Thank you, Mr. Chairman. My time has expired."

"And, sixth, and finally, requires public companies to create a separate risk committee containing all independent directors to assess the risks that the company is undertaking."

"The council believes that the U.S. Congress must legislate this important and most basic shareowner right."