• SEC Adopts Disclosure Requirements Re Director Nominations and Shareholder Communications
  • January 23, 2004
  • Law Firm: Dykema Gossett PLLC - Detroit Office
  • In an effort to increase the transparency of board operations and increased shareholder involvement in the proxy process, the SEC has adopted new rules that would require additional disclosures regarding nominating committees, the director nominating process and the process, if any, for shareholders to communicate with a company's board of directors. The new SEC rules became effective January 1, 2004 and will apply beginning with a company's next annual meeting proxy statement.