SEC Staff Remarks on Proxy Issues - November 2008

On November 21, 2008, the outgoing Director of the SEC Division of Corporaton Finance, John White, noted in a speech that the Commission needs to address the following proxy issues: (1) non-objecting beneficial owner/objecting beneficial owner (NOBO/OBO) rules; (2) NYSE Rule 452; (3) company communications with shareholders; (4) overvoting; (5) empty voting; and (6) ownership thresholds for shareholder proposals.

Here is a copy of John White's speech of November 21, 2008: http://www.sec.gov/news/speech/2008/spch112108jww.htm