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SEC Staff Significantly Changes Guidance on Shareholder Proposals and Rescinds Prior Guidance

On November 3, Chairman Gary Gensler announced that the Staff (Staff) of the Securities and Exchange Commission’s (SEC) Division of Corporation Finance released SLB 14L (“new guidance”) regarding shareholder proposals....more

SEC Adopts Amendments to Shareholder Proposal Requirements, Modestly Raising Thresholds

On September 23, the Securities and Exchange Commission (SEC) approved amendments, originally proposed in November 2019 and discussed in a prior blog post, to Rule 14a-8, which governs the process for a shareholder to have...more

SEC Staff Provides Guidance for Conducting Virtual Meetings in Light of COVID-19 Pandemic

In a previous blog post, we discussed the availability of virtual shareholder meetings (i.e., “virtual-only” and “hybrid” meetings) as a potential alternative to the traditional in-person meeting during the 2020 proxy season...more

Glass Lewis Issues Policy Changes Regarding Excluded Shareholder Proposals

Glass Lewis recently posted its comprehensive 2020 voting guidelines, which are summarized on the first page of the 2020 voting guidelines as well as on the Glass Lewis blog. Among other things, the 2020 voting guidelines...more

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