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Gasp! An End to Proxy Access Wars?

A funny thing happened on the way to a 2015 annual meeting season long expected to be polarized by the return of proxy access. Actually, three things happened: Whole Foods, Monsanto, and General Electric.

Now, against all odds, we may be glimpsing the sunset of market-wide hostilities over shareholder access to the proxy statement—and widespread adoption of a proxy access standard in the United States.

How did we get here? First, let’s remember the bad old days—the era that ended seemingly five minutes ago—when even dropping...

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