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Companies should provide access to management proxy materials for a longterm investor or group of long-term investors owning in aggregate at least three percent of a company's voting stock, to nominate less than a majority of the directors.
Absent such a rule, CII's Corporate Governance Policies state that a company should provide access to management proxy materials for an investor or group of investors that has held in the aggregate at least 3% of the company's voting stock for at least 2 years, to nominate less than a majority of the directors.
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Less Than Jake.
For what it's worth, Philippe Reines, a Clinton adviser, says that he told another Politico reporter the previous Friday that the chances of his boss's being nominated were "less than none" and added, "Something being a sexy media story shouldn't be confused with truth".
But that there have now been two Crown Princes nominated in less than a year highlights another concern closer to home - Saudi's ageing leadership.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com