If I Were A Carpenter, I’d Build A Better Proxy
As reported by Broc Romanek on May 24, 2011 in The Proxy Season Blog, the United Brotherhood of Carpenters and Joiners of America recently filed a petition for rule making with the Securities and Exchange Commission. The Carpenters would like to see the elimination of the “withhold” option on proxies with respect to the election of directors. They argue that Read more...
California Corporation Fails To Persuade SEC That Cumulative Voting Proposal Can Be Excluded Under Rule 14a-8
Although Rule 14a-8 is a federal rule, its application often turns on state corporate law. In most cases, the state law in question is the Delaware General Corporation Law because companies subject to the SEC’s proxy rules are most commonly incorporated in the Blue Hen State. Thus, I’ve decided to devote today’s post and a few upcoming posts to some recently filed Rule 14a-8 requests Read more...
