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Audio – SEC may speak soon on proxy access “gray area”
Securities and Exchange Commissioner Paul Atkins says he hopes the agency will make its views known before annual proxy season on the issue of how much power shareholders should have in choosing corporate boards of directors. A federal appeals court last September overturned 16 years of SEC practice that routinely allowed companies to exclude certain shareholder proposals from proxy ballots. Reuters correspondent Kevin Drawbaugh asked Atkins about the proxy issue at the Reuters Regulation Summit in Washington.