SEC Chief Calls for New Rules on Corporate Board Elections – WSJ

Securities and Exchange Commission Chairman Mary Jo White, speaking in Chicago, said the SEC is developing rules for what is known as a “universal ballot,” which would allow shareholders to receive a single voting form in contested corporate elections, rather than one from each side.

The move aligns Ms. White more closely with activists and investor groups that have urged the SEC to adopt such rules. Governance specialists said it could fundamentally alter how activists seek to get their preferred nominees on corporate boards.

via SEC Chief Calls for New Rules on Corporate Board Elections – WSJ.

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