Heads Up for the 2015 Proxy Season: ISS Spotlight on Independent Chair Shareholder Proposals and Equity Compensation Plans
Posted on:Insights, Proxy Season Updates
In a much anticipated decision, the Staff of the SEC’s Division of Corporation Finance granted no-action relief to Whole Foods Market, Inc. to allow the exclusion from its proxy statement of a shareholder proposal on proxy access. The Staff agreed with the company that the shareholder proposal was excludable because it “directly conflicts” with the company’s own proposal.
More from the Governance & Securities Watch
Copyright © 2023 Weil, Gotshal & Manges LLP, All Rights Reserved. The contents of this website may contain attorney advertising under the laws of various states. Prior results do not guarantee a similar outcome. Weil, Gotshal & Manges LLP is headquartered in New York and has office locations in Beijing, Boston, Brussels, Dallas, Frankfurt, Hong Kong, Houston, London, Miami, Munich, New York, Paris, Princeton, Shanghai, Silicon Valley and Washington, D.C.