Several Republican senators have expressed concern about the relatively arcane issue, known as “proxy access,” which would give investors more say in how corporate directors are elected. It isn’t clear how big an obstacle the opposition might be, but it is shaping up as a sticking point as Democrats seek the Republican votes they need to pass the legislation, according to The Wall Street Journal.
Proxy plan roils talks on finance rules
Several Republican senators have expressed concern about the relatively arcane issue, known as “proxy access,” which would give investors more say in how corporate directors are elected. It isn’t clear how big an obstacle the opposition might be, but it is shaping up as a sticking point as Democrats seek the Republican votes they need [...]
March 17, 2010