In a much anticipated decision, the Staff of the SEC’s Division of Corporation Finance granted no-action relief to Whole Foods Market, Inc. to allow the exclusion from its proxy statement of a shareholder proposal on proxy access. The Staff agreed with the company that the shareholder proposal was excludable because it “directly conflicts” with the company’s own proposal.
Heads Up for the 2015 Proxy Season: ISS Spotlight on Independent Chair Shareholder Proposals and Equity Compensation Plans
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