SEC pulls in corporate governance experts to new Investor Advisory Committee

Committee to promote greater investor involvement in regulation to begin work in the next few weeks

US Securities and Exchange Commission chairman Mary Schapiro has announced the formation of an Investor Advisory Committee to give investors a greater voice in the Commission’s work, which includes a significant number of high-profile corporate governance experts and SRI investors. The Advisory Committee will be co-chaired by Hye-Won Choi, senior vice president and head of corporate governance for TIAACREF alongside Richard (Mac) Hisey, president of AARP Financial Incorporated and AARP Funds. Other prominent corporate governance members of the Advisory Committee include Adam Kanzer, managing director and general counsel at Domini Social Investments, Stephen Davis, senior fellow and project director at Yale University School for Management’s MillsteinCenter for Corporate Governance, and non-executive chair of Hermes Equity Ownership Services, Abe Friedman, global head of corporate governance and proxy voting and managing director at Barclays Global Investors and Damon Silvers, associate general counsel at AFLCIO, the US’ largest union federation. SEC Commissioner Luis A. Aguilar will serve as the Commission’s primary sponsor of the Committee. Schapiro said: “Through this well-respected and diverse group, we are reaching out to investors in a new and significant way. I look forward to hearing their views on new products, trading strategies, fee structures, and the effectiveness of disclosure, among other issues.” The Advisory Committee will begin its work in the next few weeks.
Hye-Won Choi and Adam Kanzer will both be speaking at Integrating ESG into Portfolios, New York, 25th June – link to programme