Thus, under the Rule as amended, a
shareholder proposal that would allow for shareholder use of the company’s proxy
materials to nominate director candidates, such as the proposal at issue in
AFSCME v. AIG
would be excludable. We believe the actions we are taking today will provide
certainty in the application of Rule 14a-8(i)(8) and will preserve our longstanding
interpretation of the Rule
http://www.sec.gov/rules/final/2007/34-56914.pdf
.
.
.
Be well