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In remarks in March to the Center for
American Progress, Acting SEC Chair Allison Lee said that she had
asked the staff to consider whether the SEC should re-open
the comment file on the 2016 universal proxy rule proposal to take
into account market developments since then and move towards
finalization. Under that proposal, in a contested
election, universal proxy cards identifying all the candidates for
director on both slates would be required, more closely replicating
in-person voting. In Lee s view, the proposal would be a
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