SEC Open Meeting, August 25, 2011

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Dodd-Frank Timeline, Proxy Access, SEC
Comment Deadline Final Rule Issue Effective Date
February 16, 2010 September 20, 2011 September 20, 2011 VACATED BY COURT ORDER

The U.S. Securities and Exchange Commission (SEC) public meeting focused on the adoption of final rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act concerning federal proxy access rules.

Meeting Summary[edit]

Topics of Discussion

Final Rules[edit]

Facilitating Rights Of Shareholders To Nominate Directors

Final rules were added to the Federal Register on September 16, 2010.

From the press release:

"Last year, the Commission proposed amendments to its rules that would provide shareholders with a meaningful ability to exercise their state law rights to nominate and elect directors.

Since then, the SEC has received and reviewed more than 600 public comments about its proposal.

And, more recently, Congress passed a new financial reform law that specifically states the SEC has authority to adopt rules that require companies to include shareholder board nominees in company proxy materials."

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