Should Public Cos. Voluntarily Adopt Proxy Access?
Law360, New York ( September 13, 2016, 12:54 PM EDT) -- Proxy access — whereby shareholders are provided the right to include shareholder director nominees in the proxy statements of public companies — has remained at the forefront of the corporate governance landscape in 2016. After the U.S. Securities and Exchange Commission's (mandatory) proxy access rules were invalidated in 2011, observers predicted that the adoption of proxy access would become widespread. However, proxy access momentum was slow until 2015, when more than 100 proxy access shareholder proposals were submitted at U.S. public companies, including 75 from the New York City Pension Funds. This trend has accelerated in 2016, when more than 200 proxy access shareholder proposals have been filed....
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