WASHINGTON AP - Securities regulators on Wednesday debated two competing shareholder rights proposals, one of which could pave the way for competitive elections for board seats at U.S. public companies.It is one of the more contentious issues to come before the Securities and Exchange Commission during the two-year tenure of Chairman Christopher Cox, and formal adoption of either proposal likely is several months away.
July 26, 2007 at 12:00 AM
1 minute read
WASHINGTON AP – Securities regulators on Wednesday debated two competing shareholder rights proposals, one of which could pave the way for competitive elections for board seats at U.S. public companies.
It is one of the more contentious issues to come before the Securities and Exchange Commission during the two-year tenure of Chairman Christopher Cox, and formal adoption of either proposal likely is several months away.
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