The SEC adopted a final rule amending the reporting requirements for (i) management investment companies as to their reporting of proxy votes and (ii) "institutional investment managers" as to proxy voting relating to executive compensation.
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An investment adviser settled SEC charges for casting proxy votes on behalf of the registered investment companies it managed without taking steps to verify that its voting tendencies were in the best interest of the clients it represented.
Comments on an SEC proposal to amend SEA Rule 14a-8, which would narrow the bases upon which an issuer can exclude shareholder proposals, must be submitted before September 12th.
The SEC set September 19, 2022 as the effective date for amendments to rules governing proxy voting advice and the standards of liability that apply.
The SEC proposed rule amendments to narrow the bases upon which an issuer can exclude shareholder proposals.