Getting your player ready...
WASHINGTON — Federal regulators won’t issue rules making it easier for shareholders to nominate directors of public companies until next year, meaning the change sought by investor advocates likely wouldn’t occur in time for next spring’s corporate elections season.
The Securities and Exchange Commission, split 3-2 along party lines with Democrats in the majority, proposed the rule change in May as it addressed one of the most contentious issues the agency has dealt with in years.
