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March 22, 2007
The SEC studies regulating corporate voting
According to the Wall Street Journal, the SEC is studying regulating so-called "empty voting" -- that is, corporate voting without owning shares. This would move the federal government into another area formerly controlled by state corporate law. This is part of the attack on hedge funds, fueled by the fairy tale of "shareholder democracy." Here's an analysis of what's really at stake.
Posted by Larry Ribstein at 07:29 AM
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Corporate Governance
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