October 1, 2007
Still SEC Split on Shareholder Proxy Access Rule
Tomorrow is the deadline for public comments on the two competing versions of the shareholder proxy access rules proposed by the SEC, and there does not appear to be a consensus forming for the best solution. Chair Cox promised to have a new rule in place by year-end, in time for the spring proxy season, and it is unlikely that the vacancy created by Commissioner Campos' resignation, will be filled by then. Barney Frank, who chairs the House Financial Services Committee, meanwhile, says the SEC should "start over." WSJ, Can SEC's Cox Win Playing the Middle?
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