The honeymoon for Christopher Cox may soon be over at the SEC. A Democratic commissioner last week said he expects that the agency will be divided over a vote later this month for the first time since Cox took charge almost two years ago. At issue is a federal appeals court's Sept. 5 ruling that the SEC was wrong to let American International Group Inc. exclude from its proxy an investor proposal intended to make it easier for shareholders to nominate alternative director candidates on corporate ballots.
December 05, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The honeymoon for Christopher Cox may soon be over at the Securities and Exchange Commission.
A Democratic commissioner Friday, Dec. 1, said he expects that the agency will be divided over a vote later this month on investor rights. If so, this will be the first time the agency has been split on a critical vote since Cox took charge at the SEC almost two years ago.
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