7.1.2009 The SEC voted on three measures “to better inform and empower investors to improve corporate governance and help restore investor confidence.” The SEC proposed requiring public companies receiving money from the Troubled Asset Relief Program (TARP) to provide a shareholder vote on executive pay in their proxy solicitations. The SEC also voted to propose better disclosure of executive compensation at public companies in their proxy statements. And the SEC approved a New York Stock Exchange rule change to prohibit brokers from voting proxies in corporate elections without instructions from their customers.

Click http://www.sec.gov/news/press/2009/2009-147.htm  to access the SEC press release.