Clifford Chance

SEC Proposes Amendments to Improve Accuracy of Proxy Voting Advice and to Modernize Shareholder Proposal Rules

27 November 2019

On November 5, 2019, the U.S. Securities and Exchange Commission voted to propose amendments to its proxy solicitation rules relating to the regulation of proxy advisory firms. The Commission also voted to propose amendments to Rule 14a-8 of the U.S. Securities Exchange Act of 1934, as amended, to update the rules that govern the process by which shareholder proposals may be included on company proxy statements.

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