Proxy Access Green Light
In a press release dated 09/06/2011 the SEC announced they will be lifting the stay on shareholder proposals dealing with proxy access. The one size fits all approach proposed by the SEC was shot down in the courts and now shareholders can propose a less restrictive approach on a company by company basis. This is music to the ears of activist investors everywhere. The positive changes are just beginning. Shareholders can begin taking back their companies. http://www.sec.gov/news/press/2011/2011-179.htm
Share
Leave a Reply