SEC's Cox Wants Proxy Access Issue Resolved

Law360, New York (November 15, 2007, 12:00 AM EST) -- U.S. Securities and Exchange Commission Chairman Christopher Cox has signaled his intent to resolve a highly controversial question regarding shareholder rights ahead of next year's annual corporate meetings.

In testimony to the Senate Banking Committee on Wednesday, Cox said there was a troubling lack of clarity at the agency over the issue of shareholder proxy access, which revolves around the question of whether investors should have more input concerning elections of company directors.

“We are committed to having a clear rule in place for the coming...
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