Speech

Statement Regarding Court of Appeals Decision on Proxy Access

Meredith Cross, Director, Division of Corporation Finance
Washington, D.C.

“We are disappointed by today’s decision striking down a rule that made it easier for shareholders to nominate a candidate to a company’s board of directors. We are considering our options going forward. We note that our rule allowing shareholders to submit proposals for proxy access at their companies, which we adopted at the same time, is unaffected by the court’s decision.”

Last Reviewed or Updated: July 22, 2011