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SEC's Plan to End Broker Vote Rule is Huge Win for Institutional Investors |
September 3, 2009
Previously published by The Advocate for Institutional Investors on April 2009
Typically, brokers have voted in favor of entrenched managements and boards. The SEC's rule change will give institutional and activist investors significantly more power to determine who sits on corporate boards.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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