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Activist shareholders may soon get even busier. In July the Securities and Exchange Commission's corporate finance division endorsed the idea of letting investors nominate candidates to the board of directors using a company's proxy card. SEC chairman William Donaldson asked the division to prepare proposed rules on the matter. If the new regulations are approved by the agency, they could take effect by April or May 2004, Donaldson said in a press conference.
September 01, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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