The Lawyer’s Brief
SEC Proposes Rules Facilitating Shareholder Director Nominations
July 29, 2009
On June 10, 2009, the SEC published the text of its proposals to amend the proxy rules under the Exchange Act to facilitate shareholder nominations of directors with measures that would require inclusion of shareholders' nominees on a company’s proxy card and in its proxy statement. Public comments concerning the proposed amendments are due by August 17, 2009. This article describes the SEC’s proposal in detail.