Financial regulatory authorities have paid close attention to executive compensation structures during the past few years. Now, the SEC is adopting rules related to pay versus performance. Recently, the SEC announced that these proposed amendments would require registrants to disclose specific information regarding the relations
Category: SEC Proxy Rules 166
Recently, the Securities and Exchange Commission has voted to adopt amendments related to proxy voting advice. This amendment was originally proposed in November 2021, and the amendments were finalized to avoid placing burdens on businesses. The concern was related to the timeliness of independent advice businesses. Now, the ame
Investor protections and disclosures are always at the top of the priority list of the Securities and Exchange Commission, and the SEC recently announced enhanced disclosure and investor protection measures as they relate to shell companies, private operating companies, and special purpose acquisition companies (SPACs). Accordin
In a new rule effective January 1, 2010, the SEC has eliminated discretionary voting on directors by brokers. In the past, this rule allowed brokers to vote proxies on behalf of beneficial shareholders for uncontested directors for publicly held companies, as long as the beneficial shareholder had received the proxy materials wi