SEC Issues Compliance and Disclosure Interpretations Regarding Proxy Disclosure Enhancements

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The Division of Corporate Finance of the Securities and Exchange Commission (“SEC”) has issued a release that provides interpretative guidance on disclosure requirements under the proxy disclosure enhancements that were recently adopted by the SEC. The guidance specifically addresses the February 28, 2010 effective date of the disclosure enhancements and its relation to upcoming filings with the SEC.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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