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From Reuters

Securities and Exchange Commissioner Harvey J. Goldschmid said Monday that he was still hopeful that a proposal to give shareholders greater power to nominate company directors could come to a vote at the agency in the next few months. “I remain hopeful that the commission will act on an [proxy] access proposal before I leave this summer,” Goldschmid said at a conference of institutional investors.

The SEC’s consideration of the rule has been delayed in part by intense opposition by business interests. SEC Chairman William H. Donaldson has been unable to shape a compromise that could pass the five-member commission.

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