Status of SEC Proxy Statement Rule Proposals

The SEC continues to examine potential new rules which may apply to 2010 proxy season. These include, among others, enhanced compensation disclosure and analysis (CD&A) requirements and enhanced disclosure regarding director qualifications. 

We expect the SEC to take action before the end of 2009 on some proposals which will impact the 2010 proxy season.  The SEC has already postponed action on proxy access until 2010 meaning that any new rules adopted would not be in effect for the 2010 proxy season.

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