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Corporate

Oct. 20, 2009

A Reprieve Relieves Pressure on Proxy Season

David Lynn of Morrison & Foerster comments on the Securities and Exchange Commission's proxy access reprieve.

CORPORATIONS

By David Lynn

Public companies got a welcome reprieve from the Securities and Exchange Commission when it was announced earlier this month that final action on the SEC's latest attempt to give shareholders the ability to advance their own directors for annual board elections will be delayed for at least a few more months. Many had feared that this so-called "proxy access" process - as well as other significant governance reforms that are cu...

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