Shareholder proxy access survives despite court ruling

Author: | Published: 20 Sep 2011

Some companies might still have to adopt shareholder proxy access provisions despite the Securities and Exchange Commission’s (SEC’s) announcement that it would not appeal a ruling that vacated its universal proxy access rule.

The US Court of Appeals for the DC Circuit ruled the SEC was inconsistent and opportunistic in framing the costs and benefits of the rule – a criticism the Commodity Futures Trading Commission hopes to avoid by reexamining its own cost-benefit analysis in derivatives rulemaking under Dodd-Frank, as reported by The New York...