Are The New US E-Proxy Rules Really More Effective?
April 20, 2010, 1:33 PM EDT
Law360, New York (April 20, 2010, 1:33 PM EDT) -- At the start of 2009, all issuers and others who file proxy statements with the U.S. Securities and Exchange Commission became subject to the SEC’s electronic proxy delivery rules. Previously, since adoption of the e-proxy rules in 2007, only Large Accelerated Filers were required to comply with the e-proxy rules.
A Large Accelerated Filer is an issuer that:
(1) had an aggregate worldwide market value of the voting and nonvoting common equity held by its nonaffiliates of $700 million or more, as of the last business...