Client Alert
SEC Proposes Amendments To E-proxy Rules
October 19, 2009
Last week, the SEC proposed amendments to its “notice and access” rules for furnishing proxy materials to shareholders via the Internet. The proposed amendments to the SEC's "e-proxy" rules are intended to improve shareholder participation in the proxy process and permit public companies and other soliciting persons to more effectively use the SEC’s notice and access model. As companies gear up for proxy season, they should begin to consider how the proposals, if adopted, may impact shareholder voting response. In particular, in light of the SEC's recent elimination of discretionary broker voting in uncontested director elections, the importance of individual shareholder participation will likely increase in the 2010 proxy season.
Click here to read our client alert regarding the recent SEC e-proxy proposals.
Contact Information
If you have any questions regarding the SEC's recent proposals, please contact either the Womble Carlyle attorney with whom you usually work or one of our Corporate and Securities attorneys.
Womble Carlyle client alerts are intended to provide general information about significant legal developments and should not be construed as legal advice on any specific facts and circumstances, nor should they be construed as advertisements for legal services.
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