On April 24, the Securities and Exchange Commission announced that it will host a series of roundtable discussions in May on shareholder rights and federal proxy rules. The first of three roundtable discussions will take place on May 7 and will consist of panels addressing the following:
- The federal role in upholding shareholders’ state law rights
- The purpose and effect of the federal proxy rules
- Non-binding proposals under the proxy rules
- Binding proposals under the proxy rules
The second and third roundtable discussions on proxy voting (more specific agendas have not yet been released) will take place on May 24 and May 25, respectively. The roundtable discussions will be held in the Auditorium at the SEC’s headquarters at 100 F Street, NE, Washington D.C. and will be open to the public. The roundtable discussions also will be available via webcast on the SEC’s website at www.sec.gov. The SEC welcomes feedback regarding any of the topics to be addressed at the roundtable discussions.