SEC Adopts Staff Position on Shareholder Access; Encourages Electronic Shareholder Forums
29 November 2007
Mayer Brown Legal Update
29 November 2007 - In July 2007, the Securities and Exchange Commission issued two competing proposals for comment regarding shareholder access to issuer proxy statements with respect to the election of directors. One was a proposal to permit issuers to exclude from their proxy statements shareholder proposals that relate to a nomination or an election of directors.