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Napalm, Proxy Proposals and the SEC

Abstract

In Medical Committee for Human Rights v. SEC the District of Columbia Court of Appeals reviewed the SEC's informal action in approving the omission of a shareholder proxy proposal. The decision expanded the scope of judicial review of informal administrative proceedings and gave new content to the SEC's shareholder proposal rules. The author examines this decision and its ramifications and argues that the SEC should relax its present policy and allow a greater number of shareholder proposals.

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12 Ariz. L. Rev. 463 (1970)

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