Proxy Access Proposal

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On May 20, 2009, the Securities and Exchange Commission proposed amendments to the federal proxy rules to facilitate the rights of shareholders to nominate candidates for election as a corporate director, and to have those nominees included in the company's proxy materials. Pryor Cashman Corporate Associate Michael T. Campoli has written an informative Legal Update about the proposals.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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