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Corporate

Feb. 17, 2012

Trend or not? Proxy access developments

Proxy access bylaw proposals on ballots - an isolated event or a new trend? By Steven B. Stokdyk of Latham & Watkins LLP


Proxy access has received a lot of attention in the world of public company governance over the last year. The recent announcements by Western Union and Hewlett-Packard that they would put proxy access bylaw proposals on their ballots this year and next year has led many companies to question whether this is an isolated event or a trend here to stay.


As a reminder, proxy access bylaws permit shareholders who own a specified percentage of stock (1 percent to 5 per...

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