New York Corporate Partner Robert Kohl Comments On The Securities And Exchange Commission's Proposed Rules To Increase Shareholder Influence In Corporate Board Selection Process

In response to the SEC's porposed rules to give shareholders more control over the selection process of board members and directors, Mr. Kohl suggests that before new shareholder regulatory rules are instituted, the effects of the Sarbanes-Oxley Act, recent court cases and proposed SRO rules should be evaluated for effectiveness.  The Act and the SRO rules contain provisions for director independence that are mandatory and may be sufficient to meet shareholder needs for more control.  ("SEC Rule Would Boost Shareholders," by Ron Orol)