The SEC Backs Off on Proxy Advisory Firms

On November 17, the SEC proposed new rule amendments that would eliminate the core of the new requirements it imposed on proxy advisory firms in July 2020.

The SEC had previously announced it would not enforce these requirements, so the process between proxy advisory firms and subject companies will be largely unregulated, much as it was before the 2020 rules.

Please click here to read the full alert memorandum.

Republished December 19, 2021 by the Harvard Law School Forum on Corporate Governance and in the January 2022 issue of Insights: The Corporate & Securities Law Advisor.