Small business need-to-know and news to watch…….. Leadership
Excerpt………U.S. Securities and Exchange Commission has issued a number of no-action letters responding to company requests to exclude shareholder proxy access proposals from the proxy statement for the company’s 2012 annual meeting. The SEC staff permitted the exclusion of the most common form, a precatory 1% or 100-holder proposal based on a model issued by the United States Proxy Exchange, but did not allow exclusion of others………
Read full article…….via SEC Permits Exclusion of Most Common Proxy Access Proposal — The Harvard Law School Forum on Corporate Governance and Financial Regulation.
