Former STB Commissioner and Vice-Chairman, William Clyburn, Jr., Believes CN Voting Trust Should Be Approved
In the op-ed, Clyburn states he believes the CN voting trust addresses unlawful control and the public interest under the new rules, and that as such, the voting trust should be approved.
- In the op-ed, Clyburn states he believes the CN voting trust addresses unlawful control and the public interest under the new rules, and that as such, the voting trust should be approved.
- The new rules were designed to require applicants to formally meet these tests before the Board would approve the use of a voting trust.
- Prior to adoption of the Major Merger Rules, parties proposing use of a voting trust were free to use it without Board approval.
- As part of the 2001 proceeding, we wanted more authority over and transparency into the voting trust process.