The SEC has proposed rule changes that would require all proxy cards in a contested election of a public company’s directors to include both the company’s and dissident’s nominees. In this alert we discuss the SEC’s proposed rule for universal proxy cards, the possible impact on proxy contests, and political hurdles to the proposal’s adoption.
SEC Proposes Universal Proxy Cards; Will the Proposal Survive a Trump Administration?
Copyright © 2019 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, Dallas, Frankfurt, Hong Kong, Houston, London, Miami, Munich, New York, Paris, Princeton, Shanghai, Silicon Valley, Warsaw, and Washington, D.C.