Activists Looking to Gain More Power in Company Elections

Activists Looking to Gain More Power in Company Elections
Signage at the headquarters of the Securities and Exchange Commission (SEC) in Washington, on May 12, 2021. Andrew Kelly/Reuters
Naveen Athrappully
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New election rules imposed by U.S. regulators have many firms worried about shareholder activists becoming members of company boards.

The Securities and Exchange Commission (SEC) recently finalized revisions to corporate director election rules by mandating that companies must provide shareholders voting through proxy a “universal ballot.”