Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

The Corporate CounselorKickerFeaturesTopicsRegulationSectionsNewsLJN Newsletters

Shareholders to Gain Access to Company Proxy Statements for Director Nominations

By Timothy M. Clark
July 28, 2009

On May 20, 2009, the U.S. Securities and Exchange Commission (SEC) proposed amendments to the existing proxy rules that would, among other things, allow shareholders to nominate directors in a company's proxy materials. The SEC approved the publication of the proposed rules by a 3-2 vote, with Chairman Mary Schapiro voting in favor of the amendments. Chairman Schapiro, defending the new rules, stated that the current economic crisis “has led many to raise serious questions and concerns about the accountability and responsiveness of some companies and boards of directors, to the interest of the shareholders.” While the SEC hopes to be in a position to adopt rules that would be in place by the 2010 proxy season, Chairman Schapiro strongly encouraged interested parties to participate in the Commission's comment process that will end on Aug. 17, 2009.

Background

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office Image

A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.

Bankruptcy Sales: Finding a Diamond In the Rough Image

There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.

Bit Parts Image

Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights

Risks of “Baseball Arbitration” in Resolving Real Estate Disputes Image

“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.

Disconnect Between In-House and Outside Counsel Image

'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.