Roger Coffin is the associate director of the Weinberg Center for Corporate Governance and associate professor of the practice at the Lerner College of Business at the University of Delaware. He is a retired partner of PricewaterhouseCoopers LLP in New York, where he counseled boards of directors on governance, risk and control matters. He was formerly an official with the Securities and Exchange Commission in Washington D.C., and a corporate attorney with Cadwalader, Wickersham & Taft in New York.
The rejection of the SEC’s proxy access rule highlights larger problems surrounding agency rulemaking and the Administrative Procedures Act.
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Companies must be able to support political campaigns that are in its best interest – not necessarily the interest of its executives or shareholders.
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