THE INSIGNIFICANCE OF PROXY ACCESS

• Published in: Virginia law review Vol. 97; no. 6; pp. 1347 - 1434
• Main Authors: Kahan, Marcel, Rock, Edward
• Format: Journal Article
• Language: English
• Published: Charlottesville Virginia Law Review Association 01.10.2011; The Virginia Law Review Association
• Subjects: Business structures; Campaign funds; Common stock; COMPANIES; CORPORATE GOVERNANCE; Cost control; COSTS; Cumulative voting; HISTORY; Law; Law and legislation; Legal research; Majority voting; Nominations; Pension funds; Political campaigns; Proxy reporting; Proxy statements; Regulatory reform; RISK; SEC proxy rules; Shareholder activism; Shareholder voting; Shareholders; SHARES AND SHAREHOLDERS; State laws; Stockholders; Stockholders' voting; Success; U.S. states; United States. Securities and Exchange Commission; Voting; UNITED STATES; United States > US; Virginia

Proxy access is the right of shareholders to nominate directors and to have their nominees included in the company's proxy statement. Because proxy access is viewed as dramatically lowering the costs of an election contest, both proponents and opponents of proxy access predict that it will have...