SEC Submits Brief Supporting Validity of Proxy Access

Posted by Scott Hirst, co-editor, HLS Forum on Corporate Governance and Financial Regulation, on
Thursday, January 20, 2011
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This post relates to the case of Business Roundtable and Chamber Of Commerce v. SEC; additional posts regarding the case are available here. Additional posts regarding proxy access are available here.

The Securities and Exchange Commission (SEC) yesterday submitted its initial brief in the widely-followed case of Business Roundtable and Chamber Of Commerce v. Securities And Exchange Commission. The litigation was commenced by the Business Roundtable and the Chamber of Commerce to challenge the validity of the proxy access rules adopted by the SEC in August 2010.

The brief of the SEC is available here.

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