A Trio of Options

DELAWARE LAWEffective Aug. 1, Delaware corporations will be permitted to adopt bylaws under which shareholders can propose their own directors on company ballots and may be reimbursed for related expenses.

SEC PROPOSALThe Securities & Exchange Commission has proposed a rule that major shareholders be allowed to nominate a limited number of directors on a company's proxy.

SHAREHOLDER BILL OF RIGHTSSenators Charles Schumer (D-N.Y.) and Maria Cantwell (D-Wash.) have proposed a bill that would require directors to win elections by a majority vote and give shareholders a say on executive pay.

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