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• | Beneficial ownership of at least 3 percent of the outstanding stock; |
• | Three years of continuous ownership; and |
• | Ability to nominate up to 25 percent of the board. |
• | Proxy access has the potential to enhance board performance and raise US market capitalization by between $3.5 billion and $140.3 billion. |
• | Proxy access reform will not hinder board performance. |
• | Proxy access is used infrequently and with little disruption in other markets around the world where it is allowed. |
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