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US firms unite to oppose shareholder nominations to corporate boards
Seven elite US law firms have come together to lobby the Securities and Exchange Commission (SEC) on how the agency should implement a proposal to allow shareholders to nominate company directors. Lawyers involved in drafting the letter acknowledge it was rare for one letter to come from all the firms, which included Cravath Swaine & Moore, Sullivan & Cromwell and Wachtell Lipton Rosen & Katz. At least four of the firms also sent separate letters addressing concerns with the policy direction the SEC is taking.West Coast tech leader Wilson Sonsini elects new chief exec
US tech leader Wilson Sonsini Goodrich & Rosati has named corporate rainmaker Steven Bochner as its new chief executive. The firm announced on Tuesday (11 August) that, after a unanimous partner vote, Bochner would be taking over from partner John Roos, who was confirmed as US ambassador to Japan last week.TRENDING STORIES
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