DISCLOSURES REGARDING CHAIRMAN AND CEO STRUCTURES.

SEC. 972. DISCLOSURES REGARDING CHAIRMAN AND CEO STRUCTURES. The Securities Exchange Act of 1934 (15 U.S. C. 78a et seq.) is amended by inserting after section 14A, as added by this title, the following:“SEC. 14B. CORPORATE GOVERNANCE. “Not later than 180 days after the date of enactment of this subsection, the Commission shall issue rules that require an issuer to disclose in the annual proxy sent to investors the reasons why the issuer has chosen—“(1) the same person to serve as chairman of the board of directors and chief executive officer (or in equivalent positions); or“(2) different individuals to serve as chairman of the board of directors and chief executive officer (or in equivalent positions of the issuer).” .