A Review Of SEC Proxy Access Rules For Public Cos.

Law360, New York (September 24, 2010, 3:18 PM EDT) -- On Aug. 25 the U.S. Securities and Exchange Commission adopted amendments to its proxy rules to allow significant, long-term shareholders to more easily exercise their rights to nominate and elect directors to company boards of directors.

Under the new Rule 14a-11 of the Securities Exchange Act of 1934, companies will be required to provide to shareholders in their proxy materials, under certain circumstances, information about and the ability to vote for a shareholder’s (or group of shareholders’) nominees for director.

In addition, amendments to Rule 14a-8(i)(8)...
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