It is the most sinister development in finance since robo-signing of foreclosure documents: corporations locking shareowners out of their own annual meetings. The pretext is […]
Pushback From SEC Staff – Shareholder Appraisal Rights
“Stunning”, “arbitrary”, “unjustifiied” … “questionable”: these are some of the words individual shareowners are using to describe the SEC handling of six corporations’ requests to […]
Proxy Access: A New Version – Shareholder Preemptive Rights
Update: This is a revised version of an earlier post this month. I’ve deleted that post because I don’t want anyone to mistakenly use the […]
Proxy Advisors Obstruct Proxy Access
The good news is that, on the second round of submissions of the USPX model proxy access proposal, the SEC rejected all no-action requests. We […]
Updated Model Proxy Access Proposal
Two weeks after SEC lawyers granted six corporations approval to exclude “proxy access” proposals from their proxy materials, USPX members are already submitting an updated versionof […]
Proxy Access Efforts
As Glyn Holton reported last week, the SEC denied no-action requests from Forest Labs ($FRX) and Medtronic ($MDT). (SEC Delivers For Shareowners On Proxy Access, 6/29/2012) Therefore, shareowners will […]