Proxy Access Year One: What to Expect and What to Do Now
Proxy access will be a reality beginning in the 2011 proxy season. The SEC’s new Rule 14a-11 will enable long-term substantial shareholders, acting alone or in concert, to nominate candidates for up to a quarter of a company’s board, and to include those nominees in the company’s own proxy statement in competition with the incumbent board’s nominees. The SEC also amended Rule 14a-8 to allow for shareholder proposals that would broaden proxy access.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post