On June 10, 2009, the U.S. Securities and Exchange Commission (the "SEC") issued Release No. 33-9046 (the "Release") proposing significant changes to its proxy rules that would grant certain shareholders the ability to have their own director nominees included in a company's proxy materials. The Release embodies the proposals approved by the SEC in May 2009 as discussed in our May 22, 2009 Alert.
Please see full alert for more information.
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