|
|
22 May 2009
Shareholders in the United States may soon have the power to nominate directors to boards.
A new Securities and Exchange Commission proposal to empower shareholders will be voted on by public companies. A debate on whether federal proxy rules should block shareholders' right to nominate directors has raged for seven years.
Shareholders are allowed to nominate various candidates at the annual general meeting of most companies, but these are usually overshadowed by proxy votes cast ahead of the meeting.
The SEC proposes amendments to the rules that would allow shareholders to nominate directors ahead of the proxy vote.
The issue is timely, as economic conditions are starting to question the behaviour and performance of boards of directors.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment