SEC Proposes Significant Proxy Rule Changes to Provide Shareholder Access to the Director Nomination Process

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On June 10, 2009, the U.S. Securities and Exchange Commission (the "SEC") issued Release No. 33-9046 (the "Release") proposing significant changes to its proxy rules that would grant certain shareholders the ability to have their own director nominees included in a company's proxy materials. The Release embodies the proposals approved by the SEC in May 2009 as discussed in our May 22, 2009 Alert.

Please see full alert for more information.

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Published In: General Business Updates, Securities Updates

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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