(ALERT) SEC Weighs in on Proxy Access Proposals:
March 09, 2012 / Shirley Westcott
This week the SEC rendered decisions on whether or not 10 proxy access proposals submitted by various shareholders could be excluded from ballots. The biggest losers were retail investors affiliated with the U.S. Proxy Exchange (USPX), who saw six of their non-binding resolutions ejected for two types of deficiencies. Proponent victors included Norges Bank Investment Management (NBIM) and Daniel Rudewicz’s Furlong Fund, whose proposals will move forward to a vote.
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