Just to illustrate the impact of the reformed broker voting rules in the USA, it’s interesting to look at Bank of America’s proxy votes results which were released to the SEC on Friday, 7th August. Last month, the SEC voted to exclude broker votes from all director elections starting 1st January 2010. Earlier this year Bank of […]
Read MoreIn a widely anticipated move, the US Securities and Exchange Commission has moved forward with an aggressive reform program to update the US proxy system. The SEC met today (01/07/09) to approve the New York Stock Exchange’s proposal regarding broker discretionary voting in uncontested director elections (NYSE Rule 452). In addition to the introduction of […]
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