August 27, 2010
SEC Adopts Rules for Proxy Access
by Robert Kropp
Activist shareowners praise the rule that will allow them to nominate candidates for corporate
boards of directors.
A victory for shareowner rights that was over 30 years in the making occurred this week, when the
Securities and Exchange Commission (SEC) adopted new rules "to facilitate the rights of
shareholders to nominate directors to a company's board," according to a press release issued by the Commission.