MONDAY, DECEMBER 26, 2016 ANALYSIS THE LEADING INDEPENDENT DAILY IN THE ARABIAN GULF ESTABLISHED 1961 Founder and Publisher YOUSUF S. AL-ALYAN Editor-in-Chief ABD AL-RAHMAN AL-ALYAN EDITORIAL : 24833199-24833358-24833432 ADVERTISING : 24835616/7 FAX : 24835620/1 CIRCULATION : 24833199 Extn. 163 ACCOUNTS : 24835619 COMMERCIAL : 24835618 P.O.Box 1301 Safat,13014 Kuwait. E MAIL :
[email protected] Website: www.kuwaittimes.net Focus Icahn regulatory role gives activist investors voice S chief executives, already wrestling with a steady flow of activist investors in their board Urooms, face a newly challenging landscape now that the loudest voice of the bunch will have the ear of the next president and his securities’ rule mak- ers. The advisory role granted to billionaire investor Carl Icahn by President-elect Donald Trump is a poten- tial blow to CEOs and board directors who hoped the new Securities and Exchange Commission would favor corporate management teams over shareholder proposals that they deem too friendly to shareholders. Icahn’s appointment, announced on Wednesday, spans all regulatory matters. That includes vetting SEC candidates, a significant boost to shareholder activists who want commissioners to keep corporate gover- Venezuela claim unlikely to convince US nance initiatives on the front burner. While Icahn has spent four decades antagonizing CEOs and boards, the extent of his Washington influence and where he legal strategy switch by Venezuela’s state-owned about alleged malfeasance. “It’s possible this will come break during a 2002-2003 oil strike against late leader will lean on shareholder issues remains to be seen. oil giant PDVSA to portray itself as a victim in a back to haunt PDVSA,” said Mike Koehler, an FCPA expert Hugo Chavez when Rincon’s main firm Tradequip Services Still, it is clear that holding the feet of executives and Amassive bribery scheme detected by the US gov- at Southern Illinois University school of law.