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SEC adopts proxy access rules

Comments (0) | 25 Aug 2010 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Change allows shareholders to name directors on management’s proxy statement

On Wednesday, the SEC adopted proxy access rules that will allow shareholders to include their own director nominations on company proxy materials.

The five-person commission, led by chairman Mary Schapiro, passed the vote 3-2 in favor of the changes.

The new rules are planned to come into effect for the ...

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