• California Advances E-Proxy by Amending Annual Report Delivery Law
  • August 11, 2008 | Author: David T. Mittelman
  • Law Firm: Reed Smith LLP - San Francisco Office
  • On July 24, 2008, California Senate Bill No. 1409 became law permitting California corporations to fully harness e-proxy rules recently adopted by the Securities and Exchange Commission. Under the new law, consistent with SEC Rule 14a-16, a public California corporation may utilize the Internet to deliver an annual report to shareholders.