SEC Proposed Proxy Rule Amendments

On November 5, 2019, the Securities and Exchange Commission voted to propose certain amendments to its proxy rules. One of the proposed changes seeks to “modernize the criteria for use of the shareholder-proposal process through the company’s proxy statement.” Another proposed change relates to proxy advisory services such as ISS and Glass, Lewis & Co. and is “intended to help ensure that proxy voting advice used by investors and others who vote on investors’ behalf is accurate, transparent, and materially complete.” Download the attachment to read a summary of the proposed changes.