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A.J. Kess Quoted in The Wall Street Journal on Proxy Access for Investors
02.27.15
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Corporate Partner A.J. Kess was quoted in a Wall Street Journal article discussing Citigroup’s support of a nonbinding proxy access resolution that would enable shareholders to nominate board members in the company’s proxy materials. A.J. noted that Citibank’s decision follows the SEC’s announcement that it would not express views on companies’ requests to exclude shareholder resolutions that conflict with management’s own proposals. He also predicted that by the end of this proxy season, 40 companies "will have adopted a form of proxy access or supported a proxy-access proposal vote.”