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Article: Statement of the Council of Institutional Investors in Response to the Report of the Committee on Capital Markets Regulation.
- Article from:
- PR Newswire
- Article date:
- November 30, 2006
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WASHINGTON, Nov. 30 /PRNewswire/ -- The Council of Institutional Investors disagrees strongly with the Committee on Capital Markets Regulation's assertion that overzealous regulation is stifling U.S. competitiveness. We also believe that many of the panel's recommendations, if adopted, would undermine the effectiveness of market watchdogs and weaken critical investor protections.
However, we commend the committee for acknowledging the importance of shareowner rights and recognizing that the U.S. capital markets need to strengthen these rights. While we support the committee's recommendations in this area, we think that further steps should be taken to safeguard ...