What Shareholder Approval Rule Changes Mean For Cos.

By Carina Antweil, Chandler Block and Eileen Boyce (February 7, 2024, 12:54 PM EST) -- On Dec. 26, 2023, the U.S. Securities and Exchange Commission approved proposed rule changes by the New York Stock Exchange that make it easier for listed companies to sell securities to so-called substantial security holders without obtaining shareholder approval of such sales when such security holders' ownership is passive in nature.[1]...

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