U.S. SEC Allows Investors to Cherrypick Candidates in Contested Corporate Elections - News Break -BoardProspects

U.S. SEC Allows Investors to Cherrypick Candidates in Contested Corporate Elections

News Break Nov 17 2021 BoardNews

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Wednesday voted in favor of allowing investors who vote by proxy more freedom to choose their candidates during contested corporate board elections, as the agency’s Democratic leadership seeks to bolster the voting rights of shareholders...
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Quotes
1. This should be called the investor choice rule.
Topics Mentioned
- Board of Directors
- Investors
- Board
- SEC
- Canada
- elections
- Australia
- U.S. securities
- Gary Gensler
- Board Elections
- Leadership
- voting rights
- stake
- Investor