The Securities and Exchange Commission has posted the 72-page adopting release for its mandatory e-proxy rule, Shareholder Choice Regarding Proxy Materials, which takes effect for the largest companies next year.
The rule, which lets shareholders choose the way they access proxy materials, requires issuers and other soliciting persons to post proxy materials online and provide shareholders a notice of the Internet availability. Issuers or other soliciting persons can choose to furnish paper copies of proxy materials along with the notice. If a paper copy isn’t sent with the notice, shareholders can request a free hard copy.
