Friday, April 20, 2007
Under previous SEC Chair Donaldson, the SEC at the top was a contentious place, often deciding key matters on a 3-2 vote. In contrast, Chair Cox's style is to build a consensus, and the SEC has become a calmer place. However, critics say that he is just moving too slow on important matters. A case in point is what the SEC will decide to do about shareholder access to the proxy for directors' elections. Cox says the SEC is on track to decide by the year's end. See WSJ, The SEC's Mr. Consensus.