SEC Proxy Firm Rule Changes Violate Law

SEC sued over proxy voting guidance, raising stakes for rule changes

One of the country's two largest proxy advisory firms filed a lawsuit Thursday against the SEC, charging that guidelines the agency issued ...

17 CFR § 240.14a-8 - Shareholder proposals. - Law.Cornell.Edu

The proposal must be received at the company's principal executive offices not less than 120 calendar days before the date of the company's proxy statement ...

SEC Enforcement Heats up on Key Public Company Topics

These include enforcement actions related to cybersecurity incident disclosure, director independence and Regulation Fair Disclosure ("Reg FD") ...

Shareholder Proposal No-Action Requests in the 2024 Proxy Season

After two proxy seasons in which the SEC received and granted fewer no-action letters to exclude shareholder proposals, there was a surge in requests this ...

Proxy Contests - Fried Frank

34- · 89372 (July 22, 2020); see also Legal Update, SEC Adopts · Amendments to Proxy Solicitation Rules for Proxy Voting · Advice). This amendment and related ...

Fifth Circuit Vacates SEC's Rescission of Notice-and-Awareness ...

In 2020, the SEC required proxy advisory firms to (1) make proxy voting advice about a company available to the company in advance of or ...

SEC Decides Not to Seek Supreme Court Review of Decision ...

For example, since 2022, the Fifth Circuit has held that the SEC's administrative proceedings violate the Constitution, has vacated the SEC's ...

Public Companies Update – October One-Minute Reads // Cooley ...

SEC charges 23 entities with late ownership filing violations. On ... firm personnel comply with PCAOB and SEC independence standards and rules ...

SEC Clarifies RIAs' Proxy Voting Responsibilities - ACA Group

An RIA's breach of its fiduciary duty and the Proxy Voting Rule is likely to create serious compliance problems for an advisory firm. Responsibilities under the ...

Frequently Asked Questions: Universal Proxy and Contested ...

These rules lower the procedural hurdles that dissident shareholders previously faced when nominating director nominees and impose additional ...

Commission Guidance Regarding Proxy Voting Responsibilities of ...

and Availability of Exemptions from the Proxy Rules for Proxy Advisory Firms (June 30, 2014), available at https://www.sec.gov/interps/legal/ ...

Sixth Circuit Upholds SEC's Proxy Advisor Rule Repeal, Creating ...

Securities and Exchange Commission (SEC), the U.S. Court of Appeals for the Sixth Circuit upheld the SEC's partial rescission of enhanced ...

PROXY ADVISOR INFLUENCE IN A COMPARATIVE LIGHT

... proxy advisory firms in part to SEC rule requiring more transparency in ... In addition to legislation, case law, listing rules, and companies'.

Preparing for the 2024 Proxy and Annual Reporting Season

In reaching its conclusion, the court laid out a fairly incisive critique of the process the SEC employed in its adoption of the amendments.

Fifth Circuit Vacates the SEC's Rescission of Its Proxy Advisor Notice ...

In 2020, the SEC adopted a new rule requiring proxy advisory firms to (i) share their advice with registrants “at or prior to” sharing it with ...

SEC Commissioner Speaks on Shareholder Proposals, Proxy ...

Rule 14a-8 allows a company to exclude a proposal if it is not a proper subject for action by shareholders under state law or otherwise violates ...

The Investment Lawyer - Willkie Farr & Gallagher LLP

SEC Adopts Amendments to Rules. Governing Proxy Voting Advice and ... proxy advisory firms (2020 Final Rules).4 The 2020. Final Rules ...

Proxy Advisors Archives - Intelligize

Proxy advisory firms weren't particularly popular with the Securities and Exchange Commission during the previous presidential administration.

Key Considerations for the 2024 Annual Reporting and Proxy ...

... rule changes and a company's annual meeting agenda. For ... These SEC rule amendments also made clean-up changes to the proxy card rule ...

Final Rule on Prudence and Loyalty in Selecting Plan Investments ...

On December 16, 2020, the Department published a related final rule, "Fiduciary Duties Regarding Proxy Voting and Shareholder Rights,"(3) which also adopted ...