Better governance, compensation oversight key to restoring trust in Wall Street, SEC's Aguilar says

The stock market has recovered from the financial crisis, but trust in the market, in financial institutions and in the economy is still in a recession, Commissioner Luis Aguilar of the Securities and Exchange Commission said. Improving corporate governance and compensation oversight are important steps on the road to recovery, he said. Business and finance will have to earn back their credibility, but investors have responsibilities as well, and the SEC is poised to give them some assistance in managing their holdings, Aguilar "a href="http://www.complinet.com/global-rulebooks/display/display.html?rbid=1153&record_id=62076" target="_blank">said in Atlanta this week at the launch of the Emory Law School Corporate Governance and Accountability Review. "[T]rust in America's financial system languishes at about the 24 percent level, with many expressing continued concerns regarding both excessive compensation and a lack of integrity among top corporate managers. Only 17 percent of those