“Extracts from the SEC’s Proxy Access Amendments, With Some Remarks Upon Them”
James McRitchie at Corpgov.net recently made reference to a forthcoming law review article by J.W. Verret at George Mason University School of Law. Professor Verret posits in various strategems for...
View ArticleDirector Qualification Requirements, Nominations & Proxy Access
As discussed in this earlier post, the SEC’s proxy access rule amendments will soon require many publicly traded companies to include shareholder nominees in their proxy statement and proxy cards....
View ArticleWant to Nominate a Director Today? Here’s How
The Securities and Exchange Commission’s new proxy access requirements are garnering a great deal of attention even though those rules have yet to take effect. In the meantime, you can still nominate...
View ArticleProxy Access and Majority Voting
According to TheCorporateCounsel.net yesterday, the Security and Exchange Commission’s proxy access rules were published yesterday in the Federal Register – thereby starting the clock on the...
View ArticleD.C. Circuit Delivers Harsh Judgment On SEC Rule 14a-11
Today, the United States District Court of Appeals issued its opinion in the challenge to Rule 14a-11 by the Business Roundtable and Chamber of Commerce. The Court of Appeals vacated the rule finding...
View ArticleBusiness Roundtable v. SEC – Winners And Losers
Last week, I wrote about the D.C. Circuit Court of Appeal’s decision in Business Roundtable v. SEC which vacated Rule 14a-11. Obviously, the decision was a victory for the Business Roundtable and the...
View ArticleAre Proxy Access Bylaws Legal?
Proxy Access Meets Private Ordering Despite the invalidation of the Securities and Exchange Commission’s proxy access rule last summer, many companies are considering, or are being forced to consider,...
View ArticleIn Texas Can Some Shares Be More Equal Than Others?
Although Rome before Augustus is often described as a republic, it was in many respects ruled by the wealthy who jealously guarded their power. So it was with Rome’s comitia centuriata. In theory,...
View ArticleWhole Foods Files Preliminary Proxy Statement Without Shareholder Proxy...
Earlier this week, I wrote about Jim McRitchie’s “appeal” of the SEC staff’s decision to concur with the Whole Foods’ exclusion of his shareholder proxy access proposal based on the inclusion of a...
View ArticleCalPERS Claims Success; Proxy Monitor Says CalPERS Success Leads To Lower...
“Fair is Foul, and Foul is Fair” In this press release issued last week, CalPERS congratulated itself on the “success” of its proxy voting initiatives: The California Public Employees’ Retirement...
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