OTHER NEWS - April 10, 1992

Help for Dissident Shareholders: A member of the Securities and Exchange Commission suggested a proxy rules change that would cut the paperwork for dissident shareholders seeking seats on--but not control of--a company’s board. SEC Commissioner Mary Schapiro suggested allowing dissidents to include the candidates they favor from management’s slate on their own proxy slate, so shareholders would not have to vote from two separate ballots as is now the case. A small change in the wording of current agency rules would enable dissidents to include their board candidates along with management’s on one ballot. A proxy is a shareholder’s ballot on various proposals at a company’s annual meeting.