SEC will not challenge proxy access verdict

Comments (0) | 8 Sep 2011 | Rating | Print by Tim Human

Commission’s chairman Mary Schapiro says she remains committed to helping shareholders nominate board candidates

The SEC has confirmed it will not challenge the decision of an appeals court that struck down the commission’s proxy access rule.

The rule would have opened up corporate proxy materials to shareholders’ director nominations, but it was nixed after a legal challenge from the Business Roundtable and the ...

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