How Companies Can Prepare for SEC Proxy Advisor Reform
How Companies Can Prepare for SEC Proxy Advisor Reform Tuesday, January 12, 2021 The SEC’s long-awaited final rules governing voting advice provided by proxy advisory firms such as Institutional Shareholders Service (ISS) and Glass Lewis (the “final rules”) became effective on November 2, 2020. The final rules confirm that proxy advice constitutes a solicitation under the federal proxy rules, and provide proxy advisory firms with a conditioned exemption from the filing and information requirements that would normally apply to such solicitations. To secure the exemption, prox...
Source: natlawreview.com