SEC’s White Wants Companies’ Directors to be Gatekeepers
Speaking at the 20th Annual Stanford Directors’ College earlier this week, U.S. Securities and Commission (“SEC”) Chair Mary Jo White emphasized the significance of board of directors as the gatekeepers for shareholders of public companies. Relied upon by the SEC, White remarked that the role as gatekeepers allow directors to identify and prevent companies from violating federal securities laws, as well as respond to issues the moment they arise. In regard to directors as gatekeepers, White’s speech also noted: – The board of directors are a company’s most important gatekeepers, and it is by law their responsibility to watch over. Read More.