Library Search
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SEC Disclosure Rules on Nominating Committee andSecurity Holder Communications With Board of Directors ( March 2004 )
In November 2003, the Securities and Exchange Commission adopted new disclosure requirements and amendments to existing proxy and information statement disclosure requirements. These requirements are the first of a two-part process undertaken by the SEC to enhance the transparency of the operations of public company boards of directors and to disclose the board nomination and communication processes of public companies. -
SEC Proposes Rules Regarding Nominating Committee Functions and Communications Between Security Holders and Boards of Directors ( November 2003 )
The SEC is proposing amendments to Items 7 and 22 of Schedule 14A of the Securities Exchange Act of 1934 that will require new disclosure requirements in proxy statements regarding the operation of board nominating committees and the means, if any, by which security holders may directly communicate with members of the board of directors. As proposed, the rules do not mandate any particular action by a company or its board of directors. Rather, the proposed rules expand the disclosure requirements in proxy statements relating to the election of directors regarding the nominating committee and the director nominating process. -
SEC Proposes Rules Requiring Companies To Include Shareholder Nominees For Director In Company Proxy Materials ( November 2003 )
The SEC has proposed new Exchange Act Rule 14a-11 that would, under certain circumstances, require a company to include information regarding a shareholder's nominee for election as a director in the company's proxy materials. As proposed, Rule 14a-11 would apply to all companies subject to the proxy rules, including investment companies, provided one of the following triggering events has occurred. -
SEC Proposes New Rules Relating to Director Nomination Process and Shareholder Communications with Directors ( October 2003 )
On August 6, 2003, the Securities and Exchange Commission (Commission) proposed new rules requiring expanded disclosure of companies' director nomination processes and specific disclosure of procedures by which shareholders may communicate with directors. -
SEC Issues Proposed Rules Mandating Shareholder Access to Proxies ( October 2003 )
On October 8, 2003, the Securities and Exchange Commission (Commission) proposed new rules requir-ing, in certain circumstances, a company to include in its proxy statement nominees for election to the board of directors submitted by shareholders. The proposed rules are subject to a 60-day comment period, ending December 22, 2003. -
SEC Proposes Shareholder Access to Company Proxy Statement for Director Nominations ( October 2003 )
The Securities and Exchange Commission has recently proposed proxy rule revisions that would require public companies to include in their proxy materials shareholder nominees for director for two years following specified trigger events indicating "unresponsiveness" to shareholder concerns. If adopted, these revisions would for the first time give shareholders mandatory access to company proxy materials to promote their own board nominees. -
New SEC Rules Regarding Audit Committees ( May 2000 )
This article summarizes the key components to the new SEC Rules relating to audit committees and why this article explains why these rules were changed. -
Audit Committee Disclosure ( January 2000 )
This article discusses the new New York Stock Exchange rules regarding audit committees. -
Memorandum: SEC Final Rules, February 1, 2000: Audit Committee Structure and Membership for Publicly-Traded Companies ( February 2000 )
This memo summarizes the SEC Final Rules regarding corporate audit committees and financial statement reliability. In addition, this memo discusses the recently approved rule changes by the SEC proposed by the NYSE, NASD and AMEX. -
Securities Alert--February 2000 ( February 2000 )
In response to the Report and Recommendations of the Blue Ribbon Committee on Improving the Effectiveness of Corporate Audit Committees, the SEC has adopted rules requiring a more thorough review of periodic financial statements and the disclosure of additional information in filings made by reporting companies.