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Audio – SEC’s Campos advocates pilot program on shareholder proxy access
SEC Commissioner Roel Campos describes how the agency could conduct a pilot program this spring to let corporations and shareholders work out a “moderate approach” to shareholder proxy access. A federal appeals court last September overturned a longtime SEC practice of allowing corporations to exclude certain shareholder proposals from proxies in a lawsuit involving the American Federation of State, County and Municipal Employees (AFSCME).
Campos spoke at the Reuters Regulation Summit in Washington.