Dodd’s All Out Approach to Corporate Governance

Senator Christopher Dodd (D-Conn) introduced his 1,135 page bill, Restoring American Financial Stability Act in the  in the Senate Banking Committee with the goal of  “creating a sound economic foundation to grow jobs, protect consumers, rein in Wall Street and prevent another financial crisis.”

While many measures are drawn from Senator Charles Schumer’s (D-N.Y.) Shareholder Bill of Rights, this greatly expands the scope.

Just last week, David Gergen, American political consultant and presidential advisor during four administrations, opined about the state of the economy at the Council of PR Firms’ Critical Issues Forum according to Weber Shandwick’s Chief Reputation Strategist, Leslie Gaines-Ross in her Reputation Exchange blog.

What a message for corporate boards to take the initiative to build trust by engaging with shareholders with effective board-shareholder communication programs.