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SEC Proposes to Add Flexibility to E-Proxy Rules To Increase Voter Response |
October 28, 2009
Previously published on October 19, 2009
The number of individual shareholders who vote when they receive only a notice informing them of the availability of proxy materials on the internet is significantly lower than when those shareholders receive a full set of proxy materials, according to recent statistics. In response to this trend, on October 14, 2009, the SEC published proposed amendments and a new rule aimed at increasing shareholder responses to proxy solicitations in connection with the "notice-only" option under the "notice and access model."
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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