The federal appeals court in Washington, D.C. recently invalidated the SEC's "proxy access" rule, which would have required that director candidates nominated by certain large shareholders be included in a company's proxy materials.
The Court's discussion of how regulatory costs and benefits should be considered is likely to be scrutinized closely in future rulemakings by the SEC and other federal agencies. Having represented the plaintiffs, or "petitioners," in the case, Business Roundtable and the U.S. Chamber of Commerce, Gibson Dunn is very pleased to offer an insider's perspective on the ruling to our clients and friends. Topics to be discussed include:
- What the court held
- What it means for proxy access
- What it means for other SEC rulemakings and rulemakings by other agencies Lessons learned from the notice and comment process
Who should view this program:
In-house counsel, corporate governance and compliance officers, corporate secretaries and other public company executives.
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