In 2010,the SEC recently introduced a new rule allowing large investors (those holding a 3% ownership stake in the firm for at least 2 years)to nominate their own candidates for the board of directors.

Question

Quizplus · Accepted Answer

This statement is true. The SEC did introduce a new rule in 2010 that allows large investors to nominate their own candidates for the board of directors if they hold a 3% ownership stake in the firm for at least 2 years. This is known as the "proxy access" rule.

In 2010,the SEC Recently Introduced a New Rule Allowing Large