The Securities and Exchange Commission’s Proposed Amendments to its Proxy Disclosure Rules
On July 10, 2009, the Securities and Exchange Commission (SEC) issued a series of proposed amendments to its proxy disclosure rules. The rules, which were voted on and approved unanimously by the Commission, would significantly modify and expand the scope of information required to be included in the annual proxy. The proposed rules encompass a number of new disclosures that aim to strengthen corporate governance practices and enhance the quality of information provided to investors in the proxy statement. The proposed amendments are subject to a comment period ending September 15, 2009.
A new article outlines the details of these proposed amendments, which includes:
- A discussion of whether employee compensation policies create incentives for excessive risk
- Reporting of equity awards in the summary compensation table
- Qualifications of directors and director nominees
- Company leadership structure
- The role of the board of directors in risk management
- Enhanced disclosure of services provided by compensation consultants
- Accelerated reporting of voting results
Download the full report below.