In 2006, a court ruling called into question the SEC's long-held determination that companies could exclude shareowner proposals relating to the election of directors.

2006年，一条法院条例质疑SEC的这项长期决定，即允许公司无视股民关于董事选举的提议。

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Liu and the funds, including the teachers' retirement system and the police and fire pension funds, had filed shareowner proposals at the three banks but withdrew them after the banks adopted changes to their clawback policies.

WSJ: NYC comptroller announces bank clawback agreement