顿别补苍听Roger Dennis offered insights about a federal appeals court ruling issued on July 22 that struck down a Securities and Exchange Commission regulation designed to give shareholders more say in corporate-board elections.
The U.S. Court of Appeals for the D.C. Circuit unanimously rejected the rule, finding the SEC failed to adequately assess its potential economic effects.
The decision was a big win for corporations, which filed a suit opposing the rule.
on July 22 quoted Dennis as saying the level of detail the court requires in the SEC鈥檚 economic analysis 鈥渋s a stealth way of telling them that they don鈥檛 have the right to regulate it.鈥
The agency 鈥渞eally could be tied up in knots trying to dot all the 鈥榠鈥檚 and cross all the 鈥榯鈥檚,鈥 he said in an interview that appeared in the July 22 .