• SEC Proposes to Add Flexibility to E-Proxy Rules To Increase Voter Response
  • October 28, 2009 | Authors: Jerry J. Burgdoerfer; William L. Tolbert; Elaine Wolff; Michael L. DeMarino
  • Law Firms: Jenner & Block LLP - Chicago Office ; Jenner & Block LLP - Washington Office ; Jenner & Block LLP - Chicago Office
  • 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."