August 28, 2009
I am an engineer with an MBA from a top ten business school and am now working as an investment manager with a SEC registered Investment Advisory firm. The clubby nature of boards is well documented and the recurring oversight failures of said business "leaders" are abhorrent. Unfortunately the only thing more loathesome than actions or lacktherof by the overpaid, underqualified, and disengaged board members is the apathetic reaction of investors to such blatent malfeasence and poor performance.
I support the SEC measure to open the goverence mechanism and allow shareholders of various wealth levels to participate and change the staus quo. It is my sincere hope that the lobbyists hired by big business and the financial community will not further derail the regulatory reform movement which is long overdue.