Shaking Up Your Board of Directors

A series of potential legal changes that could make it easier for shareholders to nominate corporate directors is looming large. These include changes in Delaware law to permit the adoption of bylaws enabling shareholders who propose their own directors to be reimbursed for related expenses, an SEC proposal allowing investors with 1% or more in stock holdings to nominate board candidates, and a Shareholder Bill of Rights proposed by Senators Charles Schumer (D-N.Y.) and Maria Cantwell (D-Wash.).

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