This excerpt taken from the EFA DEFA14A filed Sep 25, 2009.
What proposals will I be asked to vote on?
There are up to three proposals that shareholders will be asked to vote on:
First Special Meeting of Shareholders:
Proposal 1 (for shareholders of each Fund): To approve a New Advisory Agreement between each iShares Fund and Barclays Global Fund Advisors.
Proposal 2 (for shareholders of certain Funds): To approve a change in the classification of such iShares Funds investment objective from a fundamental investment policy to a non-fundamental investment policy (meaning the investment objective can be changed by the Board of the iShares Funds without shareholder approval).
Second Special Meeting of Shareholders:
Proposal 1 (for shareholders of each Fund): To elect a proposed Board of Directors of iShares, Inc. or a proposed Board of Trustees of iShares Trust, as applicable.