Mid-Season Update On The 2012 Proxy Season

Law360, New York (June 4, 2012, 2:34 PM EDT) -- The 2012 proxy season in the United States, forecast by some to feature significant turmoil and change, has in fact been less tumultuous than expected. It’s been all quiet on the regulatory front, owing to the U.S. Securities and Exchange Commission’s highly deliberate approach to rulemaking and the D.C. Circuit’s interventionist reaction to the proxy access rules.

With new rules, for once, not in motion, change is occurring incrementally, as activists continue old campaigns and launch new ones, institutional shareholders express their support on both the...
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