Former Gers chairman Malcolm Murray, ex-director Paul Murray and associates Scott Murdoch and Alex Wilson are up for election next Thursday.
New Light Blues chairman David Somers had savaged the quartet in a statement released on the official club website last week.
But former Manchester City chief operating officer Wallace has stated he would have no problem with any of the requisitioners.
In an interview with Sky Sports, he said: "If the requisitioners, any one of them, were to be voted on to the board, that's the will of the shareholders.
"Should that be the will of the shareholders, as a professional businessman I would be absolutely willing to work with whoever is appointed."
Paul Murray, meanwhile, has stressed that he does not want to see the entire Rangers board deposed at the AGM.
He said: "There have been three new directors appointed in the last month and we think, certainly Graham Wallace, looks like a credible individual.
"I think our group can add real value to the board, if you look at our skill sets and experience, but more fundamentally the fans, who are the lifeblood of the club and the people who buy the season tickets and merchandise, these fans trust us. They know we are doing this for Rangers' interests."
Meanwhile, a limited number of briefs for the Dunfermline v Rangers game at East End Park on Monday, December 30, have become available to season ticket holders.