Client Advisories and Bulletins

SEC Proposes Rules To Enhance Shareholder Access To Companies' Proxy Materials

October 2003

The Securities and Exchange Commission has proposed and issued for comment rules that would enhance the ability of shareholders of a public company (including registered investment companies) to nominate candidates for directorships. In general, proposed Rule 14a-11 would, in certain circumstances, require companies subject to the SEC’s proxy rules and whose shareholders have a state law right to nominate a candidate or candidates for election as director to include in their proxy materials the names and certain other information regarding shareholder nominees for election as director.