Securities and Exchange Commission Chairman Jay Clayton has urged a review of how shareholders weigh in on public companies’ executive pay proposals, board of director nominees and contentious issues raised by activist investors. Clayton told a New York legal conference on Wednesday that retail-investor participation in such elections is so low that it “may be a signal that our proxy process is too cumbersome and needs updating.” Clayton said he would seek public input on how to overhaul the proxy-voting system. Read the original story from The Wall Street Journal.