Wednesday, July 25, 2007
The SEC will consider two proposals dealing with shareholders' access to the management proxy statement for directors' elections at its meeting today. The first would allow 5% shareholders to propose changes in election-related bylaws so long as they are consistent with state law. The other proposal is maintaining the status quo and would not allow shareholders to include their own nominees in the management proxy statement. NYTimes, S.E.C. to Weigh Easing the Path of Rivals in Board Elections; WSJ, SEC Proxy Plan May Spur Debate.