July 22, 2011
DC Circuit Vacates Proxy Access Rule
Posted by Lisa Fairfax

In case you have not heard, the DC Circuit decided today to vacate the SEC's newly adopted Rule 14a-11, the rule requiring that corporations provide shareholders with the opportunity to nominate director candidate's of their choice on the corporation's proxy statement.  That is, the federally mandated proxy access rule.  I have not had time yet to review the opinion, but it is Here.  The opinion holds that the SEC "acted arbitrarily and capriciously for having failed once again. . .adequately to access the economic effects of a new rule."  Just in time to commemorate the anniversary of Dodd-Frank. . .

Securities | Bookmark

TrackBacks (0)

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8345157d569e2014e8a0c6614970d

Links to weblogs that reference DC Circuit Vacates Proxy Access Rule:

Bloggers
Papers
Posts
Recent Comments
Popular Threads
Search The Glom
The Glom on Twitter
Archives by Topic
Archives by Date
September 2014
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30        
Miscellaneous Links