Monday, May 7, 2007

SEC to propose new proxy rules in early summer

(Reuters) - Christopher Cox said the investor protection agency is taking a "top-to-bottom look" at the system in which shareholders are allowed to nominate directors, have a voice on issues such as executive compensation and wage proxy fights demanding change.

He said the issue is especially important at a time when hedge funds and new financial instruments have changed the mechanics of the proxy system.


Read more at Reuters.com Government Filings News

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