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The SEC Takes another Pass at Shareholder Access
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November 5, 2009
Previously published on November 2009
As reported in July, the Securities and Exchange Commission voted May 20 to release a shareholder proxy access proposal. Amid an intense lobbying effort against the proposal by major business interests and the dissenting views of Commissioners Troy Paredes and Kathleen Casey, the SEC has decided to push back an anticipated Nov. 9 vote on an adopting release until early 2010.
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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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