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| SEC: Shareholder Proposals on Executive Equity Compensation Plans No Longer 'Ordinary Business' U.S. Securities and Exchange Commission [SEC]  July 16, 2002 Division of Corporation Finance: Staff Legal Bulletin No. 14A. Excerpt: We believe that the public debate regarding shareholder approval of equity compensation plans has become significant in recent months. Consequently, in view of the widespread public debate regarding shareholder approval of equity compensation plans and consistent with our historical analysis of the 'ordinary business' exclusion, we are modifying our treatment of [shareholder] proposals relating to this topic. |
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