Key Takeaways from the SEC’s Proxy Process Roundtable: Is Proxy Voting Reform on the Horizon?
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On November 15, 2018, the SEC held an all-day roundtable to hear the views of investors, issuers, proxy advisors and other market participants on the proxy process and rules amidst growing public debate on the efficiency of the proxy voting process, including the accuracy and transparency of the process, and the role played by proxy advisory firms in the current proxy voting landscape. In this alert, we provide our key takeaways from the roundtable’s three panels, as well as a few early takeaways from certain members of the SEC’s Division of Corporation Finance (the “Staff”) delivered either at the conclusion of each panel or in meetings held the following day as part of the ABA’s Business Law Section Fall Meeting.
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