Law360, New York (September 24, 2009, 11:30 AM EDT) -- In May the U.S. Securities and Exchange Commission proposed two changes to its existing proxy rules that would make it easier for shareholders to get their candidates considered for positions on boards of directors. The proposal, from which the SEC hopes to develop a final rule in November, marks the SEC's third attempt in the last six years to increase proxy access for shareholders.
And it may be the best chance yet to get the rule adopted, given the public mood toward corporations.
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