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The Securities and Exchange Commission is expected this month to issue draft rules that would allow a majority of shareholders to make a proxy proposal criticizing a public company's governance record and to seek investor approval to nominate their own board candidates. The draft rules could deliver another blow to corporate executives still struggling to cope with newly implemented accounting regulations in the Sarbanes-Oxley Act.
October 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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