The Securities and Exchange Commission on June 20 adopted rule changes that would allow shareholders to choose between receiving annual proxy materials from issuers on paper or electronically beginning in 2008. Issuers would be permitted to send proxy materials in paper form to shareholders if they also post the information on their internet website. While earlier this year, the SEC adopted rules (which are effective on July 1) permitting a company to choose the method of distributing proxy materials, the new rules, in effect, will require companies to give shareholders (and soliciting persons) the choice between electronic and paper receipt of proxy materials, effective January 1, 2008 for large accelerated filers and January 1, 2009 for all other companies.The SEC has not yet published the new rules (New York Times, 6/20/07, p. C10)