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Update on the SEC’s Proxy Access Amendment

By Harvard Law School Program on Corporate Governance

(Editor’s Note: We have posted on the SEC’s recent vote on proxy access here and here. Previously we hosted several competing views on the vote, including this post by Lynn Stout on her Wall Street Journal op-ed and this post by Lucian Bebchuk on a comment letter submitted to the SEC by thirty-nine law professors.)

Hunton & Williams has recently released this client alert on the SEC’s recent amendment to the proxy access rules. The alert provides a quick background on the SEC’s decision to reaffirm its longstanding interpretation of Rule 14a-8(i)(8). As we note, however, “[t]he battle over shareholder access to company proxy materials may not be over,” as the SEC’s express willingness to continue its analysis will probably keep it a hot issue in 2008.

The client alert is available for download here.

Full post as published by The Harvard Law School Corporate Governance Blog on December 07, 2007 (boomark / email).