Thomas J. Donohue, president and CEO, U.S. Chamber of Commerce, today said the group "may go to the courts to test" a proposed SEC rule allowing shareholders access to the corporate proxy ballot if it is adopted. x201C;There are those among my colleagues who believe the commission doesn't have the authority to (adopt such a rule)," he said at a SEC roundtable. "This proposal is modest … I'm trying to understand why it's so terrible to the corporate community. … What's the harm (of such a rule)?" said Roel C. Campos, SEC commissioner. Ira M. Millstein, senior partner,Weil, Gotshal & Manges, said it's "absurd" that shareholders don't have a voice in nominating directors. He suggested a rule whereby directors must have a majority of the vote to be elected; failing that, boards would have to negotiate with dissenting shareholders to find a suitable candidate and have a new election.