A recent shareholder proposal promises to substantially affect the director-nomination process in boardrooms across the United States. The 2nd U.S. Circuit Court of Appeals recently upheld the right of shareholders to include in a company’s proxy statement proposals that relate to procedures for elections of directors generally. Following this court decision, the SEC’s Division of Corporation Finance is reeling as it scrambles to amend the proxy rules affected by the decision in time for the 2007 proxy season.

BACKGROUND

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]