November 29, 2007
SEC Acts on Shareholder Nomination Rights
The SEC voted 3-1 to refuse shareholders the right to use 14a-8 resolutions to ask companies to amend their bylaws in order to enable large shareholders to place director nominees on the firm's proxy. The vote ends a shameful period of equivocation on the issue with the wrong resolution.
November 29, 2007 | Permalink
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