• SEC Adopts New Proxy Access Rules
  • September 8, 2010 | Author: William E. Wallace
  • Law Firm: Kaye Scholer LLP - New York Office
  • On August 25, 2010, by a 3-to-2 vote, the SEC adopted Exchange Act Rule 14a-11 and other related amendments to its proxy rules to require companies to include shareholder nominees for directors in the companies’ proxy materials. Under current rules, shareholders who want to advocate the election of their own nominees are required to pay for the preparation and mailing of their own proxy materials.