Proxy Access Bylaw Amendment
or Shareholder Resolution?
This subject may seem a little arcane. It actually concerns a critical decision that an investor wishing to achieve proxy access must make.
Very simply, should a shareholder propose a specific bylaw amendment, or a resolution?
We think a bylaw amendment makes more sense in many situations, even though all of the action so far this year has revolved around resolutions. It depends, though, on a number of company-specific factors, including the voting rule for approving bylaw amendments.
We compare and contrast amendments and resolutions, and explain why amendments make sense, in our current blog post.
