Topic: Shareholder Proposals
SEC Coronavirus Guidance on Shareholder Annual Meeting Engagement
On March 13, 2020, the SEC issued guidance regarding the effect of the coronavirus (COVID-19) on upcoming annual shareholder meetings. The SEC advised that a company that has already mailed and filed its proxy materials can change the date, time, or location (including changing to a “virtual (or “remote-only”) meeting”) of its annual meeting without mailing additional proxy materials so long as that company promptly
Read MoreSEC Proposes New Rules for Proxy Advisors and Shareholder Proposals
On November 5, 2019, the Securities and Exchange Commission in a 3-2 vote proposed new rules on two high profile topics: proxy advisory firms and shareholder proposals . New rules on these topics have been anticipated since the SEC added the items to its semi-annual agenda in late May.
Read MoreSEC Continues to Grapple with Mandatory Arbitration Hot Potato
The Securities and Exchange Commission has again had to confront how to react to a mandatory arbitration provision that would have the effect of denying investors the ability to pursue federal securities law claims as a class action in a federal court. Mandatory arbitration provisions are controversial as a policy, legal and political matter and have presented the SEC with challenges.
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