Proxy Monitor, a proxy voting adviser to institutional investors, has...

Proxy Monitor, a proxy voting adviser to institutional investors, has recommended that shareholders of General DataComm Industries Inc., Middlebury, Conn., vote in favor of a shareholder proposal at the company’s Feb. 4 annual meeting to prohibit the repricing of stock options without shareholder approval. The resolution is sponsored by the State of Wisconsin Investment Board, Madison. SWIB’s resolution would amend the company’s bylaws to prohibit the repricing of stock options without prior shareholder approval. "This is the first proposal in 1999 to come to a vote asking shareholders to approve a measure that would restrict repricing of stock options,’’ said James E. Heard, CEO of Proxy Monitor. "This proposal is particularly significant in that, if approved, the results would be binding on the company.’’