On May 16th, NYSE Euronext announced that the Proxy Fee Advisory Committee ("PFAC") has published its recommendations for changes to the fees paid by public companies to banks and brokers for the distribution of proxy materials to shareholders who hold their stock in "street name." Composed of issuers, broker dealers and investors, the PFAC reviewed the existing proxy distribution fee structure and made recommendations for change. Any changes to these fees are subject to SEC approval. NYSE Euronext Press Release.
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Advisory committee makes proxy distribution fee recommendations
- Winston & Strawn LLP
- May 21 2012
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