Quick Quoted on Proxy Access Rules

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.