Question 1: Who are the owners of the typical U.S. publicly traded corporation?
(a) The shareholders.
(b) The board of directors.
(c) The management (CEO, CFO, etc.).
Question 2: If the owners of the corporation want to put a slate of nominees for the board of directors on the corporation's annual proxy statement, who should bear the cost?
(a) The owners.
(b) The corporation.
Keep these questions and your answers in mind while you peruse some of the latest discussion on the SEC's new proxy access proposal that you will find here and here.
