Adrienne Kitchen Moeller | Bloomberg Law Shareholder access to proxies and the ability to get director nominees on company ballots became a hot-button issue after the 2008 credit crisis with the public call for corporate governance reforms. This article reviews the steps taken by the U.S. Congress and the Securities and Exchange Commission (SEC) to facilitate easier shareholder access to proxies, explores the defeat of one such proposed measure, and examines the possible effects of the remaining rules that will form the basis of shareholder access going forward—barring, of course, any additional legal challenges.
The Rise and Fall of Rule 14a-11
— SEC Adopts Rule 14a-11
— Business Groups Raise Objections
— Defeat of Rule 14a-11
Amendments to Rule 14a-8
Looking Ahead: Potential Challenges
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