SEC Appoves Significant New Proxy Disclosure Requirements

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On December 16, 2009, the U.S. Securities and Exchange Commission (“SEC” or the “Commission”) approved substantial revisions to its proxy rules. 1 The changes are intended to enhance the information provided to shareholders and enable them to evaluate better the leadership of public companies. These new disclosure requirements call for signifi cant new disclosure in proxies and information statements, annual reports, and registration statements fi led with the Commission.

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