SEC Issues New Proxy Disclosure Rules

By: Mark Tarallo

On Dec. 16, 2009, the U.S. Securities and Exchange Commission issued a set of final rules relating to enhanced proxy disclosures, which require reporting companies to provide greater and more detailed disclosures in their proxy filings. The Proxy Disclosure Enhancements were issued with an effective date of Feb. 28, 2010. However, because of some confusion as to how they would be applied, the SEC issued interpretive guidance on Dec. 22, 2009.

For more information on the new proxy disclosure rules, please see the full article.