John White has also committed not to directly engage with the SEC in its rule-writing, to sell his shares in several investment funds and to change his partnership in Cravath so that he doesn't share in the firm's profits but receives fixed compensation.

WSJ: White promises "unrelenting" enforcement at SEC

The special committee ruled that the pro-Khatami candidates could re-enter the race but only if they pledged in writing their loyalty to the principle of velayat-e-faqih, or clerical rule.

ECONOMIST: Iran