Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in the post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.
Good morning. This is an open meeting of the U.S. Securities and Exchange Commission on September 29, 2021. I want to welcome members of the public who are listening in.
This is my first open meeting as Chair of this remarkable agency. While there will be times when we vote on rulemakings via seriatim, I like open Commission meetings. I think open meetings can bring greater transparency to our work, and the public benefits when we can open up our deliberations to them. I hope it will be the first of many during my tenure.
Today [Sept. 29, 2021], the Commission will consider a staff recommendation to propose amendments to Form N-PX to enhance the information that investment companies report about their proxy votes. The proposal also would require certain institutional investment managers to report how they vote proxies relating to certain executive compensation matters. These votes have come to be known as “say on pay.”