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SEC Proposes to Add Flexibility to E-Proxy Rules To Increase Voter Response by Jerry J. Burgdoerfer
Jenner & Block LLP - Chicago Office
William L. Tolbert
Jenner & Block LLP - Washington Office
Elaine Wolff
Jenner & Block LLP - Washington Office
Michael L. DeMarino
Jenner & Block LLP - Chicago Office
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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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