Federal court strikes down SEC rule – What it means for the future of proxy access
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Description
Abstract: In July 2011, a federal court struck down on procedural grounds the SEC’s controversial proxy access rule, which would have permitted shareholders to submit proposals to amend a corporation’s bylaws to establish proxy access procedures for shareholder nominees. Whether the SEC tries to re-adopt the rule or adopt a new one, it’s important that public companies be prepared for any eventuality.
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