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Sarbanes-Oxley News & Developments
Major Investors Back Proxy AccessThe proposed rules that would open up the director nomination process.
> > The proposal would still require a two-year process before certain large shareholders could nominate their own candidate to the board of directors for a company.
Nearly 80% of the 120 buy-side money managers and research professionals who responded to a recent survey said they believe the proposals of the SEC are a good step toward better governance.
Source: CFO
Published:2004-06-02
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