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.
Key Takeaways from the SEC’s Proxy Process Roundtable: Is Proxy Voting Reform on the Horizon?
Copyright © 2020 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, and Washington, D.C.