Sunday, February 8, 2009

Proxy access

Another round in the proxy access debate coming our way?

In late 2007 I was blogging here about proxy access rules then under considerationby the Securities and Exchange Commission.

At that time, the SEC adopted the narrowest of the access rules it had under consideration, making life more difficult for shareholder activists seeking change in the election procedures.

It now appears (judging from a story Reuters carried Friday, while Congress continued its struggles with a stimulus bill) that with the new administration we might get a revival of this argument with special emphasis on "sharehlder democracy" as a tool for limiting CEO pay.

No comments: