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What is shareholder proxy access?

Members of the board of directors are elected when shareholders vote for names appearing on the company's annual proxy statement. Currently, only the names of people nominated by the company appear on the proxy statement. If a shareholder wants to nominate a candidate, he or she must undertake a costly proxy contest involving preparation and distribution of separate proxy materials. Practically speaking, the cost of a proxy contest often serves as a deterrent.     

      

Changes in Proxy Rules: Will They Help or Hurt?

 

 

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