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CALIFORNIA CORPORATE & SECURITIES LAW

What’s The Matter With The SEC’s Unbundling Interpretation?

Rule 14a-4 requires, among other things, that a form of proxy “identify clearly and impartially each separate matter intended to be acted upon, whether or not related to or conditioned on the approval of other matters, and whether proposed by the registrant or by security holders.”  This language was part of the SEC’s 1992 proxy…

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