Thursday, November 1, 2007
Will the SEC go forward and resolve the issue of the competing shareholder proxy access proposals in time for the spring proxy season, as Chair Cox has maintained he wants to, despite the fact that the Commission is not at its full-5 person membership? Annette Nazareth, the sole remaining Democrat who has announced she is leaving by year end, has indicated that the Commission should wait. Senate Banking Committee Chair Christopher Dodd and eight other Senate Democrats have sent a letter to the SEC urging it not to go forward with either proposal until the Commission has five members. InvNews, Senators urge Cox to nix proxy proposals.