The Minutes of Paul Atkins on corporate governance https://minutesof.com/sec-chair/on/corporate-governance/ Everything Paul Atkins has said on corporate governance: 4 verbatim quotes, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:23:18 +0000 Atkins contrasts oikonomia (household management) with politika (city-state governance) as fundamentally diffe https://minutesof.com/q/6c080353-5efd-4211-b6e2-533c700afd89/ https://minutesof.com/q/6c080353-5efd-4211-b6e2-533c700afd89/ “This was distinguishable from politika —the governance of the polis , the city-state. Different rules, different purposes, different forms of accountability.” — SEC speeches and statements corporate governance Atkins defines shareholder democracy as voluntary and proportionate to capital at risk, not equal standing. https://minutesof.com/q/17456051-b6f1-4f98-8ff0-7078c3cec7ea/ https://minutesof.com/q/17456051-b6f1-4f98-8ff0-7078c3cec7ea/ “In contrast, shareholder democracy is voluntary and proportionate to risk: influence corresponds to the amount of capital that an investor puts at stake.” — SEC speeches and statements corporate governance Atkins rejects stakeholder governance, arguing accountability to everyone means accountability to no one. https://minutesof.com/q/201ee8f2-5176-488f-95fc-3c0d3bcba577/ https://minutesof.com/q/201ee8f2-5176-488f-95fc-3c0d3bcba577/ “However, if the board is accountable to “everyone,” then it is effectively accountable to no one.” — SEC speeches and statements corporate governance Atkins says market reaction disciplines corporate governance through higher capital costs and lower stock pric https://minutesof.com/q/de07b618-fb96-4d25-93bb-0c1febeca9aa/ https://minutesof.com/q/de07b618-fb96-4d25-93bb-0c1febeca9aa/ “Companies with subpar governance structures face a higher cost of capital and a lower stock price.” — SEC speeches and statements corporate governance