The SEC has proposed changes to the federal proxy solicitation framework, including rescinding Rule 14a-8, expanding companies’ discretionary voting authority over certain shareholder proposals, and modernizing proxy solicitation requirements.

The proposals could shift greater responsibility to state law and company governing documents while reducing certain federal compliance requirements associated with…

Continue Reading SEC proposes rescinding Rule 14a-8 and modernizing the proxy solicitation framework

It may now be more difficult to use the exempt solicitation process as a messaging tool. As one of the first acts of the new US Securities and Exchange Commission (SEC) Administration, the staff of the SEC revised certain Compliance and Disclosure Interpretations (C&DIs) related to the use of Notice…

Continue Reading Notice of Exempt Solicitations are under scrutiny