The SEC Division of Corporation Finance and the Division of Investment Management encouraged issuers to allow shareholder proponents to present their proposals through "alternative means" during the 2020 and 2021 proxy seasons.
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SEC Commissioner Hester M. Peirce challenged the SEC Investor Advisory Committee to consider the effects of COVID-19 on corporate disclosures and the proxy process.
The SEC Division of Corporation Finance provided registrants a temporary process for securely transferring confidential information.
SEC Chair Jay Clayton, Division of Corporation Finance Director William Hinman, Division of Investment Management Director Dalia Blass and Division of Trading and Markets Director Brett Redfearn provided updates on the SEC's various pandemic relief measures.
The SEC Division of Corporation Finance offered additional guidance to companies on " disclosing the effects and risks of COVID-19."