H.R.4487 - End the Hijacking of Shareholder Funds Act111th Congress (2009-2010)
Summary: H.R.4487 — 111th Congress (2009-2010)
Introduced in House (01/21/2010)
End the Hijacking of Shareholder Funds Act - Deems expenditure to influence public opinion by the officers and directors of a public company on matters not related to company products or services to be a breach of fiduciary duty if such expenditure has not been approved by a prior majority shareholder vote.
Subjects such officers and directors to joint and several liability to any shareholder or class of shareholders for the amount of such an expenditure.