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Shareholder Proxy Access: An Idea Whose Time Has Not Yet Come

Reform of the proxy solicitation process is one of the "hot-button" issues. This article reviews the developments surrounding proxy access over the last decade, and explains where we are today.

38 minute read December 14, 2011 at 09:59 AM
By
Robert S. Reder, David Schwartz and Roxana Azizi
Shareholder Proxy Access: An Idea Whose Time Has Not Yet Come

Although state corporation law bestows upon shareholders the right to nominate candidates for election as directors, and then to vote their shares in director elections, it is the Securities and Exchange Commission (“SEC”) that regulates the all-important proxy solicitation process by which shareholders of publicly traded corporations exercise their voting rights.

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