The honeymoon for Christopher Cox may soon be over at the SEC. A Democratic commissioner last week said he expects that the agency will be divided over a vote later this month for the first time since Cox took charge almost two years ago. At issue is a federal appeals court’s Sept. 5 ruling that the SEC was wrong to let American International Group Inc. exclude from its proxy an investor proposal intended to make it easier for shareholders to nominate alternative director candidates on corporate ballots.
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Posted on Tuesday, December 5th, 2006. Filed under: Business Law, Law Misc
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