Keeping Current: Securities

The 2011 proxy season is expected to be unlike any seen to date.  Securities and Exchange Commission (SEC) Chair Mary Schapiro recently announced her hopes “to finalize the [proposed proxy access] rules early in the new year [2010].” The SEC’s proposals fill a tome, coming in at over 250 dense pages, but can be distilled down to the position that proxy reform is necessary due to a “loss of investor confidence” and “serious concerns about the accountability and responsiveness of some . . . boards of directors to the interests of shareholders.”

The full article entitled, "Keeping Current: Securities" is published in Business Law Today, Volume 19, Number 3, Jan./Feb. 2010.  © 2010 by the American Bar Association. Reproduced with permission. All rights reserved. This information or any portion thereof may not be copied or disseminated in any form or by any means or stored in an electronic database or retrieval system without the express written consent of the American Bar Association.