Ability Quote by Mary Schapiro
“We have new rules that give shareholders the ability to vote on executive compensation. We have new rules for asset-backed securities. We have new rules around credit rating agencies.”
About This Quote
Source Speech: Congressional Testimony, US Securities and Exchange Commission, 2010
New regulations empower shareholders to influence executive pay, securitization, and rating agencies, aiming for greater transparency and accountability.
In simple terms: Rules let shareholders vote on pay and oversee finance.
Key Takeaway
Use voting rights to demand responsible governance.
Themes
governance
shareholder rights
financial regulation
Mood
concerned
analytical
Type
policy
regulatory
When to use this quote
- annual general meetings
- shareholder proposals
- investment decisions
- policy advocacy
Key Concepts
corporate accountability
risk management
market oversight
Questions to Reflect On
- How can shareholders ensure effective oversight?
- What obstacles hinder regulatory impact?
A Different Perspective
Implementation may be slow and face industry resistance.
