Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: shareholder proposal

SEC Staff Publishes New Guidance on Shareholder Proposals

Posted in SEC/Corporate
On November 1, the Division of Corporation Finance of the Securities and Exchange Commission (Division) published Staff Legal Bulletin No. 14I (SLB 14I), which provides new, issuer-friendly guidance on shareholder proposals in advance of the 2018 proxy season. Specifically, SLB 14I provides guidance on (1) exclusion of shareholder proposals under the “ordinary business” and “economic… Continue Reading

SEC Issues No-Action Relief Pursuant to Rule 14a-8(i)(9)

Posted in SEC/Corporate
As previously reported in the Corporate and Financial Weekly Digest edition of October 30, 2015, the Securities and Exchange Commission’s Division of Corporation Finance (“Division”) issued Staff Legal Bulletin No. 14H (SLB 14H) on October 22, 2015. SLB 14H established a new standard for determining when a shareholder proposal conflicts with a company proposal (providing… Continue Reading

SEC Issues New C&DI Relating to Description of Shareholder Proposals on Proxy Cards

Posted in SEC/Corporate
On March 22, the Securities and Exchange Commission’s Division of Corporation Finance issued a new Compliance and Disclosure Interpretation (C&DI) regarding how a registrant must describe a Rule 14a-8 shareholder proposal on its proxy card to be in compliance with Rule 14a-4 (a)(3) of the Securities and Exchange Act of 1934.… Continue Reading

SEC Issues No-Action Letters With Respect to Rule 14a-8(i)(10)

Posted in SEC/Corporate
On February 12, the Securities and Exchange Commission’s Division of Corporation Finance (the Division) posted on its website 18 no-action letters relating to the exclusion of proxy access shareholder proposals under Rule 14a-8(i)(10). Rule 14a-8(i)(10) permits a company to exclude a shareholder proposal from its proxy statement if “the company has already substantially implemented the… Continue Reading