- The Proxy Advisor Balance of Power May Be Shifting🔍
- SEC Adopts Amendments to Proxy Voting Advice Rules🔍
- Proxy Voting and Voting Advice🔍
- SEC Proposes Amendments to Proxy Solicitation and Shareholder ...🔍
- SEC Adopts Amendments to Its Own Rules Regulating Proxy ...🔍
- SEC Issues Guidance Regarding Proxy Voting Responsibilities of ...🔍
- Amendments to Proxy Advisor Rules Become Effective🔍
- SEC Clarifies RIAs' Proxy Voting Responsibilities🔍
Can the SEC Regulate Proxy Advice as Proxy “Solicitation?”
The Proxy Advisor Balance of Power May Be Shifting - Equity Methods
In August 2019, the SEC issued interpretive guidance clarifying that proxy advisors engage in the act of proxy solicitation and, therefore, are ...
SEC Adopts Amendments to Proxy Voting Advice Rules
Under the amendments, proxy voting advice generally remains a “solicitation ... The SEC's Press Release can be found here. The Final Rule can be found here ...
Proxy Voting and Voting Advice: SEC Provides Guidance for ...
The SEC's interpretation confirms that proxy voting advice provided by proxy advisory firms will generally constitute a solicitation subject to ...
SEC Chairman Jay Clayton praised the proposed amendments to the proxy solicitation rules, ... Proxy Voting Advice: A proxy advisory firm would ...
SEC Adopts Amendments to Its Own Rules Regulating Proxy ...
... proxy voting advice given by proxy advisory firms generally would constitute a solicitation subject to the proxy rules. Why is this ...
SEC Issues Guidance Regarding Proxy Voting Responsibilities of ...
Confirmed that, as such, a proxy advisory firm's voting recommendations are subject to the proxy solicitation rules' anti-fraud provisions. If ...
Amendments to Proxy Advisor Rules Become Effective - Akin Gump
Before adopting the 2020 Final Rules, the SEC, in August 2019, stated that PVABs' proxy voting advice generally would constitute a solicitation ...
SEC Clarifies RIAs' Proxy Voting Responsibilities - ACA Group
In addition to its guidance for RIAs, the SEC issued an interpretation that proxy advisory firms' advice generally constitutes a “solicitation” under the ...
Issues Relating to Firms That Advise Institutional Investors on Proxy ...
Commission (SEC) regulates the proxy solicitation process with respect to ... you asked us to provide an overview of proxy advisory firms and ...
SEC Rescinds Selected Proxy Voting Advice Rules and Guidance
... ). The amendments also will not affect the SEC's 2019 interpretive guidance regarding the treatment of proxy voting advice as a solicitation. *
Federal Court Vacates SEC's Scaled Back Rules Governing Proxy ...
In 2019 and 2020, the SEC issued guidance and proposed and adopted rules that interpreted the definition of “solicit” and “solicitation” to ...
Institutional S'holder Servs. v. Sec. & Exch. Comm'n - Casetext
... proxy voting advice would constitute a 'solicitation' subject to the proxy rules.” Id. at 48941 n.25. Nevertheless, to avoid its rules ...
SEC Staff Non-Enforcement of Proxy Advisor Regulations
voting advice on the basis that proxy voting advice is not a “solicitation” under the Exchange Act and therefore cannot be regulated as such.12 By May 2021 ...
1.pdf)
This amendment and related exemptions are discussed below under Regulation of Proxy Advisory Firms. The term “solicitation” does not include “[a] communication ...
SEC Amends Rules Governing Proxy Solicitation and Voting Advice ...
1. Proxy advisory firms' voting advice will be considered a “solicitation” under the Federal proxy rules. 2. To benefit from current exemptions ...
Fifth Circuit Finds SEC's “About-Face” On Proxy-Firm Disclosure ...
... SEC rulemaking regarding the regulation of proxy advisory firms. ... solicitation' to include proxy voting advice for a fee.” ISS Inc. v ...
Securities Snapshot: 3rd Quarter - All About the Proxy
On July 13, 2022, the SEC amended proxy solicitation rules governing voting advice by proxy advisory firms (i.e., ISS, Glass Lewis and others).
SEC Clarifies Investment Advisers' Proxy Voting Responsibilities ...
The Commission has also issued an interpretation of Exchange Act Rule 14a-1(l) that proxy voting advice generally constitutes a solicitation ...
02-20-comment-sec-proxy-voting.pdf - CalPERS
In our view, if the conclusion were obvious that proxy voting advice is a solicitation, this interpretation would have been the standard decades ...
17 CFR Part 240 Subpart A - Regulation 14A: Solicitation of Proxies
(6) Any solicitation by or on behalf of any person who does not seek directly or indirectly, either on its own or another's behalf, the power to act ...