SEC Set to Open Up Proxy Process to Shareholders

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Shareholders are set to win the right this month to directly nominate directors on corporate ballots, a change that could dramatically change the board selection process at many companies.

The Securities and Exchange Commission is expected to make final a “proxy access” rule, allowing large shareholders to put their own nominees alongside the company’s nominees, people familiar with the matter said.

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By : Securex /August 08, 2010 /Proxy /0 Comment

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