Amending Advance Notice Bylaws to Address Universal Proxy.
- Resource Type
- Article
- Authors
- Burke, Kerry; Engvall, David; Franker, Matt; Fredrickson, David; Martin, David; Mastrianna, Will
- Source
- Insights: The Corporate & Securities Law Advisor. Dec2023, Vol. 37 Issue 12, p3-4. 2p.
- Subject
- *PROXY
*BY-laws
*INSTITUTIONAL investors
*STOCKHOLDERS' meetings
*BOARDS of directors
*CORPORATION law
*FIDUCIARY responsibility
- Language
- ISSN
- 0894-3524
The article focuses on the amendments made to advance notice bylaws following the Securities and Exchange Commission's (SEC) adoption of universal proxy rules in November 2021. Topics discussed include the requirement for nominating shareholders to adhere to SEC's universal proxy rules, companies' ability to request evidence of proper solicitation, and the discretion to disregard proxies or votes in case of non-compliance.