The American Federation of State, County and Municipal Employees has once again struck out in its bid to nominate directors to company boards.
Last week, a Federal judge refused to require the American International Group to include in its proxy statement a new bylaw that would allow certain shareholders to nominate directors at its upcoming annual meeting. The complaint, filed by AFSCME, sought to require AIG to include the pension plan’s binding proxy access shareholder proposal on its proxy materials and bring the matter to a vote of shareholders at the company’s annual meeting in May.
