SEC Aims To Give Investors More Proxy Rights

Law360, New York (May 20, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission on Wednesday put up for public comment a proposed rule change that would give shareholders the right to nominate their own candidates for corporate boards of directors.

The proposed change was the latest in what has turned into a week of Washington players trying to increase shareholders' say in who runs companies and how the companies are run.

Under the change, companies would not be allowed to stop shareholders from including their board nominee on a company's proxy materials unless...
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