• SEC Proposes New Rules Regarding Shareholder Proxy Access for Director Nominations
  • May 17, 2004
  • Law Firm: Chadbourne & Parke LLP - New York Office
  • On October 14, 2003, the Securities and Exchange Commission ("SEC") published for comment proposed amendments to the proxy rules under the Securities Exchange Act of 1934 (the "Exchange Act") that would, under certain circumstances, require companies to include in their proxy materials information about shareholder nominees for election as directors. If adopted, the rules would represent a major change to the board election process of public companies.