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: BusinessAssociationsBlog.comWashington DC Event: Stockholders at the Wheel: Shareholder Access Rule
By Stephen Bainbridge
[continued on site]
Full post as published by BusinessAssociationsBlog.com on September 10, 2008 (boomark / email).
Advance Notice Bylaws, Corporate Governance, and Jana Masters v. CNET Networks (part 5)
We are discussing Jana Master Fund, Ltd. v. CNET Networks , Civ. Action No. 3447-CC (Del. Ch. March 13, 2008), a case interpreting an advance notice bylaw that imposed ownership and holding period restrictions on shareholders seeking to "transact other corporate business at the annual meeting...
Access and the Commission: The Rule of Unintended Consequences Begins
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The SEC Keeps its Promise on Proxy Access
Last year when the SEC decided against adopting a rule that would have allowed shareholders access to the corporation?s proxy statement in order to nominate candidates, SEC Chairman Cox stated that the decision did not signal the end of the proxy access debate...
Denial of Access and the Rule of Unintended Consequences Continues
In allowing management to exclude proposals that would sometimes require the inclusion of shareholder nominees in the company's proxy statement, the Commission did nothing to abate the pressure by shareholders for a greater role in the nomination process or to alleviate the requirements of the proxy rules as impediments to the exercise of a state law right to nominate directors...
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Efforts by institutional investors to establish some type of system of majority voting has engendered criticism, some coming from a Vice Chancellor on the Delaware Chancery Court...
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