U.S securities regulator offers 'universal' proxy card rules

The top U.S. securities regulator on Wednesday outlined rule proposals to allow so-called 'universal' proxy cards for investors to use in contested corporate elections.

The rules would require shareholders to receive a card that lists both management and dissident nominees to a company's board, allowing investors to vote for the combination of nominees of their choice, according to an agency fact sheet.

(Reporting by Ross Kerber Editing by W Simon)