The SEC Proposes Enhanced Compensation and Corporate Governance Disclosures for the 2010 Proxy Season

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On July 10, 2009, the Securities and Exchange Commission (the “SEC”) proposed a set of rule revisions for the stated purpose of improving the disclosures received by investors from reporting companies regarding compensation and corporate governance, and the timeliness of disclosing shareholder voting results. As part of the rule release, the SEC also outlined a number of related requests for comment and included proposed rules intended to clarify and address issues in the proxy solicitation process.

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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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