Journal Title
Journal of Business & Technology Law
Volume
5
Issue
1
First Page
23
Document Type
Article
Publication Information
2010
Abstract
Part one of this essay will discuss the rule, including a brief analysis of proxy access generally and the "election exclusion" specifically. Part two will examine the AFSCME v. AIG case and the SEC's response thereto in more detail-discussing the arguments posited both for and against increased shareholder access, as well as the aftermath of the SEC's decision. Part three will analyze how the SEC's failure to change Rule 14a-8(i)(8) to allow greater shareholder access specifically caused one thread in the financial crisis-as a direct result of a loss of shareholder empowerment. Finally, part four offers an epilogue-a discussion of the SEC's current position on shareholder access generally and the election exclusion specifically as a portend for the future.
Recommended Citation
Jena Martin Amerson, In Praise of Process: Examining the SEC, Rule 14a-8(i)(8), and AFSCME v. AIG, 5 J. Bus. & Tech. L. 23 (2010).