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« Citigroup Accepts $7.5 M from Abu Dhabi Sovereign-Wealth Fund | Main | Goldman Sachs: Playing Both Sides? »

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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