The mutual fund industry's chief lobby group has sent a letter to a committee of the New York Stock Exchange suggesting that shareholders should have a say in the authorization of stock option plans for workers.

The letter was sent by the Investment Company Institute last month to the NYSE's Corporate Accountability and Listing Standards Committee, which was formed to review corporate governance issues and make recommendations that are designed to build shareholder's confidence.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.