Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, October 2, 2009

No New Proxy Access Rule Until 2010?

The Wall St. Journal reports that the SEC will not decide on its proposed proxy access rule until early 2010, which means a new rule won't be in place for the next proxy season.  No explanation is given for the delay -- the SEC had been expected to act promptly after the comment period ended -- but the article mentions U.S. Chamber of Commerce opposition.  WSJ, SEC to Vote on Proxy Access in 2010.

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