It says any plan would have to protect customers, employees and shareholders.
In his approach to investing, he said, stringent criteria can protect shareholders from serious damage.
At the same time, institutions that should be protecting shareholders from corporate ripoffs are failing them.
There is, however, a vast body of corporate statutes and case law that protects shareholders.
Although companies introduced protection against hostile takeover, they didn't use any collar to protect shareholders.
Only a ban on serving at the top of another company will protect other shareholders and employees.
The policy was thought to protect shareholders and creditors, whose investments or credit would not be used for an unanticipated purpose.
"The point of that committee is to protect shareholders from precisely what happened here," he said.
These officials said the new rules tried to protect shareholders against overreaching executives.
Care will also have to be taken to protect shareholders and creditors.