Ready or not, here it comes: the online proxy statement.
Despite pleas for delay, the Securities and Exchange Commission is moving forward with its plan to require issuers and other soliciting persons to make proxy materials available online and in print and let shareholders choose how they get them.
As part of a larger effort to modernize shareholder communications, the SEC on June 20 approved its universal e-proxy rule. It requires large accelerated filers to post proxy materials online and provide notice to shareholders at least 40 days prior to their annual meetings, beginning next year. All other issuers, registered investment ...