The U.S. Securities and Exchange Commission is expected to pass a proxy access rule that would give large shareholders the right to directly nominate directors on corporate ballots alongside the company's choices, with the cost being borne by the company, the Wall Street Journal said.
Currently, if shareholders want to propose a slate of directors, they need to pay for the cost themselves.
The regulator is expected to pass the rule 3 to 2, with the two Republican commissioners dissenting, the paper reported, citing people familiar with the matter.
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