Effective Date Of Proxy Access Rules Announced


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 alert below for more information.

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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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