Confusion over dissent director nominees and their access to corporate ballots will continue for at least one more round of annual meetings. That’s because a measure to clarify rules for shareholder election of directors has been postponed again. Until recently, SEC officials had hoped to complete the rulemaking in time for this year’s season, which begins in March. But lack of progress on an initial draft has made that impossible. Now it’s expected the rule will be in place for the 2008 proxy season.
Popularity: 2% [?]
Posted on Wednesday, February 7th, 2007. Filed under: Business Law, Law Misc
You can leave a response, or trackback from your own site.
Rate This Post - Vote Now!