The Securities and Exchange Commission will meet this week to vote on amendments to its rules for shareholder access to the proxy, in what is sure to be one of the most highly charged meetings of the year.
The SEC quietly announced last week that it will hold a meeting Nov. 28 to consider whether to adopt amendments to Rule 14a-8(i)(8), which governs whether shareholders can place nominations for the board of directors on the company proxy statement. Business groups vehemently oppose the idea, while shareholder activists favor it just as strongly.
