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