United States:
SEC Adopts Universal Proxy Card Rules And Proposes To Amend Proxy Advisor Rules
31 January 2022
Cahill Gordon & Reindel LLP
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In November 2021, the Securities and Exchange Commission (the
"SEC") voted to approve proposed amendments to the proxy
rules, implementing the use of universal proxy cards in all
non-exempt contested director elections and related proposals.
These rules will apply to shareholder meetings held after August
31, 2022 and are summarized below.
Also in November 2021, the SEC proposed amendments to its rules
adopted in 2020, relating to proxy voting advice. These proposals
are meant to address concerns raised regarding the 2020 rules as
originally adopted and are summarized below.
CGR Memo - SEC Adopts Universal Proxy Card Rules
and Proposes to Amend Proxy Advisor Rules.pdf (pdf | 160.66 KB
)
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