In July 2020, the SEC released a new set of proxy solicitation rules designed to improve the accuracy, transparency and effectiveness of the proxy voting system. The new rules will benefit corporate issuers in a number of ways—most notably giving companies a chance to respond to proxy advisory recommendations.
In this episode, David Berger, Partner at Wilson Sonsini Goodrich and Rosati, reviews the new rules and provides guidance for boards:
- What changes are included in the new rules that impact proxy advisors?
- In what ways can boards and companies benefit from the new proxy rules?
- How will these changes improve the effectiveness of the U.S. Proxy Voting System?