Category: David Webber

Shareholder alert: SEC commissioner floats class-action-killing proposal

Reuters quoting David Webber, School of Law “This could be the start of something huge: Securities and Exchange Commissioner Michael Piwowar said in a speech Monday to the Heritage Foundation that the SEC is open to the idea of allowing companies contemplating initial public offerings to include mandatory shareholder arbitration provisions in corporate charters…” Expert […]

Shareholders are costing their companies — and calling it democracy

Washington Post David Webber, School of Law  “It’s becoming an all-too-frequent occurrence at publicly traded companies: An investor holding just a few shares of stock puts forward a shareholder proposal that’s only tangentially related to the company’s operations or strategy…” Expert quote: Critics of these proposals, such as Boston University law professor David H. Webber, […]

Pension Funds Considering Fossil Fuel Divestment, Socially Responsible Investments Get Boost From Labor Department

International Business Times David Webber, School of Law The U.S. Department of Labor has withdrawn an arcane George W. Bush-era measure that critics say discouraged pension trustees from making socially responsible investment decisions — like divesting from energy companies that contribute to climate change… Expert quote: “The rationale can’t be, ‘We hate coal, we’re dumping it, […]