1. SEC Issues Proposed Rules Requiring Use of Universal Proxy

    SEC Issues Proposed Rules Requiring Use of Universal Proxy

    SEC Issues Proposed Rules Requiring Use of Universal Proxy The Securities and Exchange Commission has proposed amendments to the federal securities laws that would require use of universal proxies in connection with contested elections of directors. These universal proxies would include the names of all nominees for election to the board of directors, including both the registrant’s slate of nominees and a dissident party’s nominees.

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