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SEC Delays Until 2010 Proposed Amendments Facilitating Shareholder Nominations of Directors
by James F. Brashear
Haynes and Boone, LLP - Dallas Office
Bruce Newsome
Haynes and Boone, LLP - Dallas Office
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November 4, 2009
Previously published on October 30, 2009
The U.S. Securities and Exchange Commission (the "SEC") recently said that it will delay until 2010 its vote on amendments, proposed earlier this year, to facilitate shareholders' rights to nominate directors. As a result, it is unlikely any of the proposed amendments will apply during the beginning of the 2010 proxy season.
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