Shareholders will garner more power thanks to a pending Securities and Exchange Commission proposal, but as the commissioners get closer to a final decision, a compromise that makes everyone happy – or sort of happy – seems imminent, The Wall Street Journal reports.

Chairman William Donaldson had said earlier this year that he wholeheartedly supported a proposal that would allow shareholders power in the nomination and election of maligned companies’ directors, but he backed off a bit when the other two Republican commissioners and some businesses railed against it. Their contention was that boards would be opened to special interests if the regular shareholders had more power.

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