Confusion over dissent director nominees and their access to corporate ballots will continue for at least one more round of annual meetings. That's because a measure to clarify rules for shareholder election of directors has been postponed again. Until recently, SEC officials had hoped to complete the rulemaking in time for this year's season, which begins in March. But lack of progress on an initial draft has made that impossible. Now it's expected the rule will be in place for the 2008 proxy season.
February 07, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Confusion over dissent director nominees and their access to corporate ballots will continue for at least one more round of annual meetings.
A measure aimed at clarifying rules for shareholder election of directors, once anticipated for the Securities and Exchange Commission to consider in October, has been postponed yet again.
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