Sectors
Foley Partner Patrick Quick was quoted in an article that appeared in Agenda on August 30, 2010 titled “What’s to Fear in Proxy Access?” Quick discusses a proxy access rule that allows shareholders with at least 3 percent holdings for three years to nominate their own director candidates on the company ballot to replace up to 25 percent of the board. Quick states that a three-year exemption period provided to weigh the impact of the proxy access rules on larger companies is good for a public company, but not as good as not adopting the rule at all.
