The SEC is putting the finishing touches on new rules that would allow corporate proxy materials to be posted online -- a move that would ease the considerable costs dissident shareholders face in waging proxy fights against management. Although corporate chiefs would have plenty of reason to oppose the initiative, there's been little backlash against the idea from boardrooms, says one SEC official. Instead, companies have praised the cost-savings potential.
March 07, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Securities and Exchange Commission is putting the finishing touches on new rules that would allow corporate proxy materials to be posted online — a move that would ease the considerable costs dissident shareholders face in waging proxy fights against management.
Although corporate chiefs would have plenty of reason to oppose the initiative, there’s been little backlash against the idea from boardrooms, said an SEC official Saturday.
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