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SEC to Hold Roundtable on Proxy Voting
Practical Law Legal Update 2-597-9785 (Approx. 3 pages)
SEC to Hold Roundtable on Proxy Voting
by Practical Law Corporate & Securities
| Published on 29 Jan 2015 • USA (National/Federal) |
The SEC will hold a public roundtable on February 19, 2015 to explore ways to improve the proxy voting process.
On February 19, 2015, the SEC will hold a public roundtable to explore ways to improve the proxy voting process. The roundtable, which will focus on universal proxy ballots and retail participation in the proxy process, will be divided into two panels:
- The first panel will focus on:
- the state of contested director elections; and
- whether changes should be made to the federal proxy rules to facilitate the use of universal proxy ballots by management and proxy contestants.
The panel will also discuss the state law, logistical and disclosure issues presented by a possible universal proxy ballot process. - The second panel will focus on strategies for increasing retail shareholder participation in the proxy process and will discuss:
- how technology, by providing better access to information or easier means of voting, might affect retail participation;
- whether the format of disclosure could be improved to increase shareholder engagement; and
- how the mechanics of voting could be improved to affect retail shareholder participation.
The roundtable will be webcast live on the SEC's website. The SEC plans to post the agenda and list of participants in advance of the roundtable.
Update: On February 12, 2015, the SEC announced the agenda and panelists for the roundtable.