SEC Issues Annual Shareholder Meeting Guidance in Response to COVID-19

On the afternoon of Friday, March 13, 2020, the SEC published guidance to assist public companies, investment companies, shareholders, and other market participants affected by COVID-19 with upcoming annual shareholder meetings to assist public companies, investment companies, shareholders, and other market participants affected by COVID-19 with upcoming annual shareholder meetings.  The guidance is designed to facilitate the ability of companies to conduct these meetings, including through the use of technology, and engage with shareholders while complying with the federal securities laws.

The guidance allows companies to change the date and location of meetings and use technologies, such as “virtual” meetings that avoid the need for in-person shareholder attendance. For information, read the Legal Alert here

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