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On July 1, 2009, the U.S. Securities and Exchange Commission approved a change to NYSE Rule 452 to eliminate broker discretionary voting for directors, and proposed amendments to enhance executive compensation and corporate governance disclosures. 

Pryor Cashman Corporate Associate Michael T. Campoli has written an informative Legal Update about the proposals entitled SEC Approves Amendments to NYSE Rule 452 and Proposes Other Disclosure Enhancements. To read the update, please click here.