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The SEC Takes another Pass at Shareholder Access
by Justin Ettelson
Saul Ewing LLP - Philadelphia Office
Katayun I. Jaffari
Saul Ewing LLP - Philadelphia Office
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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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