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SEC eyes rule changes as activist investors circle corporate boards
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Activist investors competing to join a company’s board of directors could get a boost for their campaigns under a plan set for approval by the US Securities and Exchange Commission.
Revisions to corporate-ballot rules the SEC is set to complete on 17 November would require companies to give shareholders a “universal ballot,” a single ballot listing all candidates in a contested board election. Currently, voters in contested elections receive two sets of ballots, each featuring a rival slate of
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