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Washington Update – Proxy Process Focus Continues

Following the SEC Proxy Roundtable last month, the Senate Committee on Banking, Housing, and Urban Development held a hearing on Proxy Process and Rules: Examining Current Practices and Potential Changes. The December 6th hearing allowed [...]

By |December 7, 2018|Blog, Regulatory Matters|Comments Off on Washington Update – Proxy Process Focus Continues

SEC Roundtable on the Proxy Process: Glass Lewis Statement to the Record

As part of its contribution to the SEC Staff Roundtable on the Proxy Process, on November 14 Glass Lewis submitted a statement to the record. You can read the statement here. The statement sets out Glass [...]

By |November 15, 2018|Blog, Regulatory Matters|Comments Off on SEC Roundtable on the Proxy Process: Glass Lewis Statement to the Record

Case Study: The AES Corporation’s No Action Reaction

When The AES Corporation managed to exclude a shareholder proposal that would have lowered the ownership threshold for calling a special meeting, it thought it had avoided a recurring headache. In the end though, disregarding [...]

By |October 29, 2018|Blog|Comments Off on Case Study: The AES Corporation’s No Action Reaction

ValueEdge Blog: More Bogus Anti-Shareholder Propaganda to Fuel the Upcoming SEC Proxy Roundtable

Nell Minow is Vice Chair of ValueEdge Advisors. Reposted with permission from the ValueEdge blog. The SEC’s roundtable on the proxy system is scheduled for next month, and so articles that look suspiciously like plants from [...]

By |October 11, 2018|Blog|Comments Off on ValueEdge Blog: More Bogus Anti-Shareholder Propaganda to Fuel the Upcoming SEC Proxy Roundtable

Glass Lewis Response To SEC Statement Regarding Staff Proxy Advisory Letters

The proxy advisor no-action letters, issued in 2004 to Egan-Jones and ISS, described the duty of investment advisers to ensure their proxy advisor(s) have the capacity and competency to adequately analyze proxy issues. While the [...]

By |September 14, 2018|Blog, Regulatory Matters|Comments Off on Glass Lewis Response To SEC Statement Regarding Staff Proxy Advisory Letters

SEC Proxy Roundtable to Look at Shareholder Proposals, Proxy Advisors, Universal Ballots and More

The health of the U.S. proxy system is about to get a check-up. On July 30, SEC chair Jay Clayton announced a roundtable to examine whether existing rules have kept pace with changes to the [...]

By |August 3, 2018|Blog|Comments Off on SEC Proxy Roundtable to Look at Shareholder Proposals, Proxy Advisors, Universal Ballots and More

Legislative Update: HR 5756 Threatens Shareholder Proposal Resubmission Thresholds

Shareholder rights are once again under legislative threat. Introduced May 10, HR 5756 would require the SEC to adjust resubmission thresholds for shareholder proposals. The language mirrors that of the Financial CHOICE Act in calling [...]

By |May 25, 2018|Blog, Regulatory Matters|Comments Off on Legislative Update: HR 5756 Threatens Shareholder Proposal Resubmission Thresholds

Jumping on the Bitcoin and Blockchain Bandwagon

With exchanges, regulators and investors alike still trying to catch their breath, a few small public companies have fallen on a golden formula. Listed companies around the world, almost exclusively of microcap size and with [...]

By |December 21, 2017|Blog|Comments Off on Jumping on the Bitcoin and Blockchain Bandwagon

Legislative Update: HR 4015 Puts Proxy Advisor Regulation Back on U.S. House Agenda

Regulation of proxy advisors is back on the U.S. legislative agenda. If enacted, the proposed rules could create delays to the delivery and threats to the independence of proxy research, with investors footing the bill. [...]

By |October 30, 2017|Blog|Comments Off on Legislative Update: HR 4015 Puts Proxy Advisor Regulation Back on U.S. House Agenda

The How and Why of the CEO Pay Ratio: SEC Guidance

With only three months left in 2017, mandatory disclosure of the CEO pay ratio draws ever nearer: 2018 is the year most American companies will have to include this information in their public filings. Debate [...]

By |October 10, 2017|Blog|Comments Off on The How and Why of the CEO Pay Ratio: SEC Guidance
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