The SEC reopened the comment period today on its 2016 universal proxy card proposal (reported on here). The release notes “important developments in proxy contests, corporate governance, and shareholder activism” since 2016, including, e.g., increased adoption of proxy access and advance notice bylaws and increased use of virtual shareholder meetings, as the basis for the reopening. The release also invites comment on 25 additional questions, including whether any of the developments since the 2016 release affect the costs and benefits or other aspects of the proposed rules.
Comments are due 30 days after publication in the Federal Register. The Society filed a comment letter on the 2016 proposal in January 2017.
Access additional resources on our Universal Proxy page.