SEC Announces Agenda and Panelists for Proxy Voting Roundtable
The SEC announced the agenda and panelists for its February 19, 2015 roundtable on ways to improve the proxy voting process.
The roundtable will be divided into two panels.
- The first panel will focus on (i) the state of contested director elections, (ii) whether changes should be made to the federal proxy rules to facilitate the use of universal proxy ballots by management and proxy contestants, and (iii) state law, logistical and disclosure issues presented by a possible universal proxy ballot process.
- The second panel will focus on strategies for increasing retail shareholder participation in the proxy process.
Commentary
Increasing retail participation in the proxy process is not a worthwhile regulatory effort.