Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.
The SEC’s New Proxy Access Procedures and Related Rules
September 3, 2010
On August 25, 2010, the Securities and Exchange Commission approved final rules establishing a federally mandated procedure to allow shareholders who hold 3% of the total voting power of a company for at least three years and meet other criteria access to a company's proxy materials for the purpose of nominating a short-slate of directors for election in opposition to the board's nominees. The final rules also narrow the current election exclusion under Rule 14a-8(i)(8) so as to facilitate shareholder proposals relating to proxy access.