As described in our WSGR Alert earlier this month, the Securities and Exchange Commission’s recently adopted proxy access rules are to become effective 60 days after publication in the Federal Register, which occurred today, September 16, 2010. This means that the proxy access rules will become effective on November 15, 2010, and accordingly, public companies that mailed this year’s proxy statement on or after March 15, 2010, will be required to include director nominations, if any, from shareholders that comply with Rule 14a-11 in their 2011 proxy materials.
Please see full publication below for more information.