On December 29, 2016, the Department of Labor (DOL) issued Interpretive Bulletin 2016-01 (the “Bulletin”) relating to the exercise of shareholder
Recently, the U.S. Securities and Exchange Commission (the “SEC”) approved NASDAQ’s new Rule 5250(b)(3), which requires NASDAQ-listed companies to
The Commission’s new “proxy access” Rule was vacated by the Circuit Court of the District of Columbia for failing to comply with the Administrative Procedure Act or APA.
The US Securities and Exchange Commission (SEC) recently issued a concept release on the US proxy voting system in the United States that discusses, among other topics, the role and regulation of proxy advisory firms and proposed regulatory reforms related to them.
The U.S. Department of Labor (DOL) has issued a proposed regulation intended to expand the class of advisers considered to be fiduciaries of plans subject to ERISA (which includes all 401(k) and other tax qualified plans) and IRAs.
The Department of Labor ("DOL") issued a proposed regulation on October 21, 2010 that would, if adopted, modify an existing regulation to more broadly define the circumstances under which a person is considered to be a "fiduciary" under the Employee Retirement Income Security Act of 1974 ("ERISA") and Section 4975 of the Internal Revenue Code as a result of giving investment advice to an IRA, an employee benefit plan or a plan's fiduciaries, participants or beneficiaries.
The U.S. Securities and Exchange Commission (SEC) recently issued a concept release on the US proxy voting system in the United States that discusses, among other topics, the role and regulation of proxy advisory firms and proposed regulatory reforms related to them.
On July 15, 2010, the US Senate approved the Dodd-Frank Wall Street Reform and Consumer Protection Act (Act), which the US House of Representatives also approved on June 30, 2010.
On June 10, 2009, the Securities and Exchange Commission ("SEC") published stockholder proxy access rules following a history of unsuccessful prior proposals.
On May 19th, Senators Charles Schumer of New York and Maria Cantwell of Washington introduced the Shareholder Bill of Rights Act of 2009 (S. 1074), which, if adopted in its current form, would encompass the most fundamental restructuring of U.S. corporate governance in recent years.