Milbank Discusses Universal Proxy and “Horizontal” Conflicts
Reynolds Holding
MAY 9, 2023
There is reason to believe the SEC’s new universal proxy Rule 14a-19 will result in more stockholder nominees being elected to the boards of public companies. Second, the new rule eliminates the need for activists to mail their own proxy card. This paves the way for a low-cost alternative to a traditional proxy fight.
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